Today, the market was suppressed all day by two major negative factors: rising geopolitical conflict risks and the market preemptively pricing in a hawkish Federal Reserve policy stance overnight. Funds continued to flow out throughout the day, resulting in a pattern of initial rally followed by a pullback, then a slight recovery after a sharp decline, forming a volatile downward trend.

The morning session maintained a range-bound oscillation, with bullish momentum gradually weakening. In the afternoon, selling pressure was concentrated and released, causing Bitcoin to decline steadily, with the lowest point touching the 64,525 support level before stopping the fall. Ethereum followed suit, weakening and dropping to the 1,740 low. In the evening, supported by low-level support, a oversold rebound occurred. Bitcoin rebounded to around 65,260 but faced resistance and pulled back. It is currently stable around 65,024. Ethereum rebounded above 1,760 but encountered resistance, and is now oscillating around 1,750.

Today's real trading plan:
Bitcoin
Long entry at 65,485, exit at 66,078, capturing 593 points
Kongdan at 65,992, exit at 65,237, capturing 75 points
Kongdan at 65,006, exit at 64,677, capturing 329 points
Kongdan at 65,605, exit at 65,045, capturing 560 points
Ethereum Kongdan at 1,807, exit at 1,768, capturing 39 points

The overall market currently remains in a low-volatility consolidation phase after a sharp decline. The long-term upward structure remains intact, but the short-term weak pattern has not changed. Trading still follows a dual approach of shorting high and buying low.

Bitcoin’s 4-hour chart shows resistance at the 65,650 Bollinger middle band. Before stabilizing above it, each small rebound is a potential opportunity to look for a decline. The strong support below is at 64,525. If the price pulls back and stabilizes without making new lows, it can be lightly positioned for an oversold recovery. Ethereum is also under pressure at 1,760, with selling concentrated above. Rebounds face resistance and are likely to decline again. Support at 1,740 is solid; if touched and downward momentum diminishes, short-term recovery positions can be considered.

Combined with the heavy Federal Reserve data release and geopolitical uncertainties overnight, the market is highly likely to oscillate back and forth. A sustained trend is difficult, so avoid one-sided chasing. Execute high shorts near resistance zones and buy low after key supports stabilize. Strictly control the range rhythm, wait for the overnight news to settle, then assess the continuation of the recovery trend.

Bitcoin around 64,600, target 66,500
Ethereum around 1,720, target 1,850