Bitcoin’s current price is 65,787. In the 4-hour cycle, it still remains in range-bound consolidation after the spike. The price continues to trade supported by the Bollinger middle band at 65,620, without effectively breaking below the key support level.

The overall 4-hour Bollinger channel is extending upward. This pullback in the current round from the 67,255 high is only the profit-taking liquidation after a major surge. The medium- to long-term upward trend remains fully intact and has not been disrupted. The KDJ indicator continues to stay in the low range. Downward momentum is gradually exhausting, and there is a technical need for dull consolidation at low levels and a period of preparation for a rebound. OBV continues to remain below the moving average line, and the strength of fund inflow is relatively weak. In the short term, any rebound is unlikely to turn into a one-sided strong trend, and will mainly be characterized by oscillation and technical repair.

Around 65,300, Big Pie — target 67,000.

Around 1,760, Ethereum — target 1,850.