In the daily cycle, the candlesticks continuously form doji and small red/small green candles with shrinking bodies. The price fluctuation range compresses, with a balance between long and short sides. The chart shows ups and downs repeatedly, with no clear trend.

In the 4-hour cycle, the MACD indicator shows that the two lines have long been winding and sticking around the zero axis, crossing repeatedly, but without forming a sustained golden cross or a death cross. This suggests that the momentum of the buyers is exhausted and the momentum of the sellers is also fading, with incremental capital in a wait-and-see mode. Trading sentiment in the market is sluggish.

Overall, the current market does not have the foundation for a one-way trend; range-bound consolidation is the core pattern. In a range-bound market, the main approach is to sell at the high and buy at the low, while strictly controlling position size.

btc rebound near 65,000-65,600, with support/downside targets at 64,400-63,000

eth rebound near 1,890-1,920, with support/downside targets at 1,860-1,780