Bitcoin continued its downtrend from the previous day (Sunday) in early trading yesterday, moving lower and testing support at the 67,300 USD level. Subsequently, the daytime session was trapped in a consolidation range with relatively stable movement. In the afternoon, driven by news factors, the market surged sharply, rallying rapidly from around 68,500 USD and breaking above 71,500 USD at its peak, staging a short-term strong rebound. Entering the evening to early morning session, the market stabilized and maintained minor consolidation. From the current technical perspective, the high-level consolidation range has narrowed significantly, with volume continuously weakening within the 4-hour channel. Combined with recent overall market volatility characteristics and volume performance, the market will likely maintain oscillating consolidation within the narrow channel formed by the 4-hour closure in the short term, with no clear unidirectional trend signals. Focus should be placed on monitoring volume changes and breakouts of key support and resistance levels. #Gate储备金报告
$BTC
Bitcoin continued its downtrend from the previous day (Sunday) in early trading yesterday, moving lower and testing support at the 67,300 USD level. Subsequently, the daytime session was trapped in a consolidation range with relatively stable movement. In the afternoon, driven by news factors, the market surged sharply, rallying rapidly from around 68,500 USD and breaking above 71,500 USD at its peak, staging a short-term strong rebound. Entering the evening to early morning session, the market stabilized and maintained minor consolidation. From the current technical perspective, the high-level consolidation range has narrowed significantly, with volume continuously weakening within the 4-hour channel. Combined with recent overall market volatility characteristics and volume performance, the market will likely maintain oscillating consolidation within the narrow channel formed by the 4-hour closure in the short term, with no clear unidirectional trend signals. Focus should be placed on monitoring volume changes and breakouts of key support and resistance levels.
#Gate储备金报告