This morning’s pullback to the support level provided an opportunity to enter long positions, and it has also created some short-term room for movement. Judging from the current Bollinger Bands formation, the price will consolidate within this narrow range before breaking out, while the overall trend remains within an upward channel. As long as the support below holds, pullbacks will provide opportunities for us to enter long positions, but it is still important to pay close attention to the range’s price fluctuations during this consolidation. The range is highly prone to repeated back-and-forth moves, with no clear one-way direction. In terms of execution, do not blindly chase rises or sell into declines. Closely monitor the strength of movements near the upper and lower boundaries of the range, strictly control position sizing and timing, and manage risk while responding flexibly to market changes.$BTC $ETH ‌

$BTC latest strong rally didn’t start at the White House — it started in the bond market. 🇺🇸 The U.S. Treasury Department announced an increase in the maximum size of its long-term bond buybacks from $2B to at least $4B. Following the announcement, Treasury yields declined, the dollar weakened, and Bitcoin quickly rallied from $65K → $68K → $70K. 🚀 Around $1.4B in short positions were liquidated, further accelerating the rally. $ETH gained around 8.4%, while $SOL rose roughly 7%. 📈 However, this is not Federal Reserve QE — it is primarily a Treasury debt-management operation. Still, improved liquidity and lower long-term yields have created a more favorable environment for crypto and other risk assets. 🚀📊 ‌ ‌ ‌

August 20 BTC and ETH intraday BTC has staged a strong rally, rebounding from around 64,100 and rising rapidly in the short term. The daily chart is forming an inverse head-and-shoulders pattern, with the price gradually approaching the previous resistance zone near 70k. The drivers of this rebound are clear: the U.S. Treasury has increased its long-term bond buybacks, suppressing long-term U.S. Treasury yields and weakening the dollar. Market risk appetite has recovered, while concentrated short liquidations have added to the positive catalysts, creating a confluence of favorable factors that has fueled a broad rebound in crypto assets. The key intraday variables to watch are the Federal Reserve meeting minutes, fluctuations in U.S. Treasury yields, and the performance of U.S. technology stocks, which will directly dictate the short-term pace. BTC: pullback to 67,500; stabilization at 68,000, then target 70,000 and 71,500 ETH: pullback to 2,180; stabilization at 2,220, then target 2,300 and 2,350 #BTC升破70000美元日内涨幅8.3% $BTC