Bitcoin (BTC) evening chart view

On the four-hour timeframe, price surged to the 65,589 high point before coming under pressure and falling back. The price has retreated to the middle band of the Bollinger Bands to consolidate and oscillate. The upper band has clear suppression. In the short term, upward momentum for bulls is visibly weakening, and the market has entered a stage of absorbing conditions at higher levels.
This pullback in this round has not damaged the overall upward structure. The lower Bollinger Band support is solid. The short-term decline is merely a pullback correction within an uptrend and will not turn into a one-direction massive selloff. In the evening, treat it as range-bound consolidation. Do not blindly chase or cut positions. When price reaches the upper and lower key levels, scale into positions in batches. Participate with light exposure throughout and avoid disorderly volatility caused by frequent stop-and-go whipsaws.

Trading ideas

BTC: If it rebounds to 64,500-65,000 and faces resistance, consider going short; target 63,600; if it breaks down, look at 62,900.

ETH: Rebound to 1,880-1,920 and short; target 1,800; if it breaks through, watch 1,650#BTC