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Yesterday to today, the overall fluctuation of Bitcoin has continued to narrow, with the market firmly locked within the 65,300-66,300 range, oscillating back and forth. The bulls and bears are in a stalemate, and the trading volume is decreasing as momentum builds up, waiting for a directional breakout signal.
From the current market situation, the four-hour overall bullish trend has not been broken. During the pullback, the bearish candlestick bodies have continued to shrink, indicating that short-term selling pressure has been largely released.
An hour ago, the price surged to 67,255 and faced resistance before falling back, but it did not form a continuous downtrend, instead shifting into a narrow sideways consolidation.
Throughout the day, the price repeatedly tests the upper and lower boundaries of the range, with funds quickly absorbing each dip, preventing the lows from moving lower. The downward momentum is continuously weakening, and the key support zone below remains solidly defended.
Currently, the low-range sideways accumulation pattern is clear, with the bearish pressure steadily weakening. Buying interest at the lows remains stable, and after sufficient consolidation, there is potential for the market to rebound and recover further upward.
Bitcoin retraced near 65,300-64,800, with an upward target of 66,500-67,500.
The "concubine" (altcoin) retraced near 1,760-1,730, with an upward target #TradFiCFD黄金大师赛 of 1,830-1,900.