Yesterday, Bitcoin overall remained in a range-bound consolidation pattern. The outlook also reminded that the 64500 support level would be touched as expected. After that, it oscillated upward and pushed up to around 66400. In this move, it exited with strength a bit earlier at 66100, and the momentum is relatively optimistic.

Looking at the current situation, after the early-morning hawkish Federal Reserve decision took effect, Bitcoin’s technicals show a clearly bearish trend. Overall, it is under pressure below the main moving averages, but in the short term there is a need for an oversold rebound/repair. In the short term, you can pay attention to the 65200–65800 range. If it fails to break out, you can still consider maintaining shorts in that area. This level is also the key intraday line separating strength from weakness. If it cannot effectively reclaim and hold back above that zone, the overall market will continue to maintain a range-bound but bearish-leaning pattern.