After BTC reached its target level, it failed to continue pushing higher, and the current market is best characterized as consolidation within a high-range band.

Yesterday’s trading range was 65,505–66,711. The latest closed 4-hour K-line has moved back above 66,000, showing that buy-side support from below is still present; however, the resistance band overhead has not yet achieved an effective breakout and confirmation.

Today’s key observation range is locked at 65,500–66,700: if price holds the lower bound of the range, the high-level volatility structure remains intact. Only if the 4-hour timeframe closes and holds above the upper bound of the range will the market have conditions for another round of extension higher.

Completing a test of the key price level is only the first stage of the move—whether it can steadily hold the breakout range is the core factor that determines the subsequent upside space.#GOOGL财报亮眼但盘后跌超3% $BTC $ETH