Good morning, friends. During the midnight to early morning hours, Bitcoin experienced a slight pullback for adjustment. After the market dipped to around 63,400 and completed a bottoming and correction, it is currently maintaining a oscillating consolidation pattern around 63,800.

During the weekly review at midnight, we analyzed that Bitcoin's overall large cycle remains under pressure and in a consolidation pattern; although the four-hour timeframe has shown a technical rebound and correction phase, after yesterday's fragmented K-line oscillation and adjustment, the previous upward channel has been effectively broken, showing a wave-like downward probing structure. The momentum of the head has gradually released, with fast and slow lines oscillating below the zero axis, showing signs of a dead cross formation. Combining the hourly perspective, Bitcoin has shifted from sideways consolidation to a continuous decline, with support at the lower band being tested again. The volume supporting the head also provides support, and we are optimistic about the continuation of the head's move in a single stroke. Focus on the 63,000 level for support, and trade around the high head area. $BTC ‌$ETH ‌#美伊谈判推迟 #Gate现货交易量增幅全球第一