Daily chart shows the price repeatedly testing the middle band of the Bollinger Bands with selling pressure causing a pullback, indicating a long-term narrow sideways trend. The Bollinger Bands are narrowing, compressing the volatility space, with bulls and bears in equilibrium. In the short term, there is no clear trend, and the market is consolidating, awaiting a breakout to establish direction.

After a bottoming out on the 4-hour chart, the price has recovered, with strong support around 64k, and the price has stabilized. Market trading volume is low, liquidity is poor, and the rebound pace is slow. The short-term technical structure is intact, and the market leans slightly bullish.

Overall, the major cycle is oscillating, with short-term support remaining stable and slightly bullish. The strategy is to operate within a range, focusing on a breakout with increased volume.

BTC retraced near 63,500-62,800, with an upward target of 64,300-65,800.

ETH retraced near 1,710-1,680, with an upward target of 1,740-1,800.