Recently, BTC has met with profit-taking sell pressure while trying to break through the 65k whole-number level, leading to a rapid pullback in the price action. It even dipped to below 64k at one point. However, it’s worth noting that the buying support below has been extremely active; the market quickly regained what it lost. This “sharp drop followed by a slow rise” pattern precisely indicates that the recent high-to-low pullback in the short term is just a technical washout, and that overall bullish momentum remains strong.

Looking ahead, due to cooling trading sentiment over the weekend, the market is likely to continue a range-bound tug-of-war with repeated fluctuations. In terms of trading, we don’t need to be thrown off by short-term volatility. Our core strategy remains to follow the dominant trend on the higher timeframe, and to patiently wait for a pullback toward support levels before setting up positions.
BTC to watch: support around 63,800. If it stabilizes, you can cautiously try a long position with a small size. Upside target: 65,000.
ETH to watch: support around 1,790. Build positions on a low entry. Upside target: 1,850. $BTC
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