Late at night, the familiar “pump then fade” drama played out again. The market churned in constant ranges, and the strength of the shakeout intensified; overall, it fully matches the recent prediction cadence.

In the midnight session, BTC briefly rebounded and spiked to the 65,590 high. It met clear resistance, couldn’t hold, and the follow-through faltered. Soon after, it weakened quickly and pulled back. It has now dropped to around 64,580. All of the gains from the evening have been completely given back, and it has formed a textbook “spike-high then washout” structure.

By contrast, ETH’s movement is clearly stronger than BTC’s. It has formed an independent, step-like rebound pattern. It started rising from yesterday’s low of 1,860; at night, it surged and tested the 1,946 high. Currently, it is steadily holding above the 1,900 level. The strong setup is clear, and the lineup has明显分化.

Recently, Wan Xin has repeatedly emphasized the core logic:
The external macro environment does not support a “pump (long) one-way” continuation. At highs, don’t chase pumps. If rebounds face pressure, you may test short-term pullbacks.

At present, the market has no sustained one-way trend. If there is no high-quality pullback low for the pump side, then be patient and observe. When rebound resistance can’t break through under pressure, staying in cash positions is the best option.

After overnight validation, the overall trading idea matches the chart’s rhythm perfectly—accurately avoiding the risk of chasing longs at high levels and keeping in sync with this round of range trading pullbacks.

From a technical perspective, after the spike-high fade, BTC has returned to yesterday’s range area. Bullish volume is continuing to decline, and the short-term stall-and-pullback signals are unmistakable.

BTC: 63,700 — 63,300
ETH: 1,860 — 1,840

The market is currently in a typical range-repair phase. Do not follow the trend to chase positions at high levels. Wait patiently for stable opportunities at lower levels, go with the flow, and seek gains while staying steady. #比特币