Bitcoin still continues to fluctuate within the 65,400–66,900 range, forming a consolidation pattern. The chart shows an M-shaped pattern, with the neckline's key support at 65,400. At the 65,400 level, there are three layers of support: short-term support, the lower edge of the range, and the starting line of this rally. Multiple attempts to test near 65,400 have not resulted in a breakdown. Yesterday, there was an opportunity for a dip, but the price did not weaken, indicating strong buying support below and clear signs of price protection. As long as this level holds, the bears cannot further expand the downward space.

Meanwhile, the midline of the range at 66,200 is the first short-term resistance. Only by holding above 66,200 can the rebound trend continue, with an upward test towards the upper edge of the range and the previous high at 67,255.
Bitcoin: Bullish near 65,500, target focus on 67,200
Ethereum: Bullish near 1,780, target focus on 1,854
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