BTC spot price is 65,404 and is consolidating with oscillation in a high-range. This current rise is only a technical correction after the prior drop, and the mid-term bearish trend remains intact.

On the macro level, the market is in a policy quiet period. Continued high interest rate expectations keep suppressing price action. There is insufficient inflow of incremental capital. With no key data today, the market is led mainly by technical price movements.

A modest uptick on the four-hour short-term timeframe does not change the overall bearish structure. The resistance zone is gradually moving higher. After the rebound is in place, the probability of being capped and falling again is relatively high. The main intraday core strategy is to short on rallies.

Short BTC rebound around 65,600-66,100; target around 64,000-63,000.

Short ETH rebound around 1,920-1,950; target around 1,860-1,810.