Morning 🥮 analysis!

After the early-hours BTC surge to 64,950, it stalled and faced sustained upside pressure. Technically, it deviated from the Bollinger middle band, and there is an inherent need for a pullback and repair. In the morning, we provided a bearish idea for the 65,100–65,400 range, with a target of 64,000.

The current market price is gradually falling, trading close to and just below the Bollinger middle band. The 65,130 resistance at the recent high remains firm. The bulls are unable to push higher, and sell pressure continues to be released.

Looking back at yesterday’s full-day rhythm, both sides—bulls and bears—played out smoothly, capturing over a thousand points of space in total. The market’s timing perfectly matches the technical structure. In the short term, the key is to watch the 64,250 support—once it breaks down with increased volume, this round of rebound-and-repair move will end at the stage level, and price will further probe the middle-band range.

BTC around 648–652, hollow, target 643, 638!
ETH around 1,890–1,875, hollow, target 1,850, 1,830! #伊朗宣布关闭霍尔木兹海峡 $BTC ‌$ETH ‌