Over the past 4 hours, the market has shown a bottoming-then-rebound pattern. After rising from the lower Bollinger Band to the upper band, it encountered resistance and the upward momentum has clearly weakened in the short term.

In the earlier period, it tested the upper band twice and met selling pressure there, forming a stable resistance at that level. Although the smaller cycles maintain a bullish consolidation, the upside potential is difficult to predict; in the short term, there will be no one-way trend, and it will continue to range and wash the market.

The overall bearish/bullish trend is intact, and at this stage the focus is mainly on pullbacks building energy.

BTC pulls back around 63,700–63,200, then aims upward at 64,300–65,800.

ETH pulls back around 1,770–1,740, then aims upward at 1,800–1,900.