After spiking to around 66,419 in the early morning, the manufacturing machine also gradually gave back, with the lowest retracement to around 63,881. Currently, the price is also fluctuating around 64,000. Yesterday evening, we entered a long position at around 64,700, which was a well-timed move to take profits, gaining nearly 1,500 points. In the early morning, we again identified a retracement and secured another 1,500 points. From yesterday evening to now, Bitcoin has gained a total of 3,000 points, and Ethereum has gained 100 points. The current market still needs to consolidate; overall, it is in a bottom support accumulation phase. It remains within the range of the box zone, and whether long or short, timing the entry is the most important.

From the weekly K-line perspective, in the short term, the price is still stabilizing and recovering. After experiencing a major plunge in the previous round, the overall trend is beginning to slowly recover upward. Therefore, there is likely to be continued upward movement. Looking at the four-hour structure chart, the Bollinger Bands are trending upward, and the K-line is running along the middle band, testing with upper and lower wicks. Given the short-term bullish pattern, short-term consolidation remains, and the Bollinger Bands are starting to tighten. The K-line is in a retracement and consolidation phase, but the continuation of the space remains uncertain, possibly accompanied by oscillations and repeated back-and-forth movements. Although the current market is still in a consolidation phase, the overall trend is dominated by bulls. The green energy bars are beginning to shrink, indicating a sign of stopping the decline. Intraday, the strategy should focus on low buy-ins around the support levels.

On Thursday morning, Bitcoin was traded around 64,000-63,500, with a bullish bias aiming for 66,000. Ethereum was traded around 1,720-1,700, with a target of 1,850. $BTC