The overall trend of Bitcoin in the early morning shows a pattern of sharp rises followed by pullbacks and rebounds. Last night, the price retreated to around 65,700 and stabilized before gradually rising. During the early morning hours, it reached a high of around 67,400, but lacked sufficient support at the high levels, leading to a quick pullback, with the lowest point dropping to around 66,550. Unlike the rapid decline after the initial surge in the first half, the subsequent market did not continue to expand downward. Instead, after consolidating around 66,500, it rebounded back to the high region, and in the latter half, it mainly oscillated around 66,900. Overall, the short-term selling pressure released earlier has been gradually absorbed, and the low levels have not been broken again. The current trend is more about searching for new breakout directions within high-level oscillations. Ethereum is also consolidating, rebounding from around 2,050 to above 2,070 in the early morning.

From a daily chart perspective, Bitcoin closed yesterday with a medium bearish candle, and today is currently consolidating as a doji star. The previous rebound did not break above the upper channel, so the daily downtrend has not yet been reversed. On the four-hour chart, Bitcoin is in a low-level oscillation within a downtrend. The high point around 67,400 in the early morning remains the most important resistance level to watch. This area is where the previous surge failed to stabilize, and it is also the first critical point to determine whether the short-term consolidation can extend upward. Support below continues to be around 66,000, which is a key support level. As long as this level is not broken again, the current correction after high-level consolidation remains in progress. If the market does not break below 680,000 support, the overall trend remains bearish, and further downward movement can be expected.

Bitcoin can be traded between 67,000-67,500, with a focus on around 66,000. A decisive break below could target 65,000 and 63,000. Ethereum can be shorted between 2,060-2,080, with a target of 2,020-2,000. #加密市场行情震荡 $BTC $ETH