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From 1:00 a.m. to 9:00 a.m., price action first traded in a low-range consolidation and bottoming phase. The low reached 65,939. After buy-side demand absorbed and digested sell pressure, the market began to rally, pushing up to the day’s high of 66,711. Afterwards, it was quickly pulled back by short-term profit-taking, which suppressed the move, and returned to trading in the middle of the range.
On the higher time frame, the bullish trend has not yet reversed, but on the short term, the rally has become overbought. Around 66,700 there is strong resistance, while 65,900 is a key support. In the near term, the market mainly digests positions through high-range consolidation, and direct upside continuation momentum is limited.
Trading suggestions
Pull back to 66,100–65,800
Targets 66,550–67,000; if it breaks through, look for upside at $BTC $ETH #特朗普同意Clarity法案纳入伦理条款