Evening Thoughts

The overall market sentiment remains calm and stable tonight. The broader US Dollar Index is still under sustained pressure while holding at high levels. Combined with the fact that the short-term policy pace has not yet been implemented, the market overall remains cautious and on standby. Throughout the entire session, Bitcoin has been locked in a tight range, with bulls and bears in a tense standoff and stalemate, and no clear one-way trend has emerged yet—waiting for a decisive choice of direction.

The market’s technical structure continues to tighten. The Bollinger Bands are gradually narrowing as they build up energy. Bulls and bears are deeply engaged in a battle of positioning and strength, evenly matched. Price stays closely aligned with the middle band, repeatedly oscillating and consolidating. The short-term oscillation/range-bound structure is unlikely to be broken in the near term.

For tonight, focus on the 76k key defense level. Once this level is lost and broken, bearish momentum will likely kick into gear, and the market will most likely continue its pullback trend—meaning downside room will fully open.
If we’re not at a point where this level is being pressured too hard, we continue to hold a bullish bias. The current trend is not yet clear enough—we need to keep watching closely while adjusting along the way.
Trading Suggestions
For Bitcoin: buy the 7.65–7.6 range next, targeting 7.8–7.85k. If it doesn’t break, you can consider reversing to short.
For ETH: go long around 2100, targeting 2150.
Continue to treat it as range-bound consolidation for now!