The market experienced a sharp decline, stirring up impatience; the market oscillated, testing people's resolve; those rushing to exit missed the turning point, while those patiently waiting are quietly watching the blossoms bloom. Yesterday, the Bitcoin chart showed an overall pattern of rising sharply then falling back, with oscillations; the highest price in the full cycle reached 65,237, the lowest intraday point dipped to 61,344, and the closing price was 63,259. Ethereum's daily trend followed the market's rise and fall, but its decline was significantly greater than Bitcoin's. Bulls faced clear resistance in the 1786~1788 range, with multiple rebounds failing to break through key pressure levels. Bears gradually took control of the market, with prices continuously falling from high levels, closing near the lower Bollinger Band. In the short term, the overall structure is weak, with daily fluctuations between 1712 and 1835.

The intraday high point formed by Bitcoin's earlier rebound and fall has become the primary short-term resistance zone for bulls. The resistance above Bitcoin is around 64,000–64,740, while Ethereum's resistance is locked at 1786–1788. To reverse the short-term weakness, a significant volume of funds needs to stabilize above this resistance zone. The large net outflow of funds yesterday indicates that the sentiment of capital fleeing the market is unlikely to recover quickly in the short term. Without new inflows, the market is likely to continue its weak oscillation, and the space for bullish rebounds will be continuously compressed. Bitcoin's stronger anti-drop attribute means it closed between the middle and lower Bollinger Bands. In the near future, it is most likely to fluctuate within the small range of 63,040 to 63,560 for consolidation. If it can hold above 63,560 at the Bollinger middle band, the market may have a chance to further test resistance above 64,000. If it effectively breaks below the lower support at 63,040, the market will likely test the previous low of 61,345 again.

Friday morning outlook analysis
Bitcoin: around 63,800–64,000, target: 62,000
Ethereum: around 1,780–1,790, target: 1,700