$BTC ‌As of the 1-hour timeframe, the price around 64,237 stopped falling, then began to range and rebound. The lows have been stepping higher, forming a short-term uptrend channel structure. After repeatedly accumulating around the 64,000–64,500 zone, the market broke through the 65,000 key level on increased volume, followed by a rapid rally to around 65,734, indicating that long positions have re-entered.

In terms of the pattern, after this leg up, there hasn’t been any obvious top structure. Instead, it has been digesting sell pressure in a sideways consolidation at high levels, forming a setup similar to a rising flag pattern. Current price has pulled back to around 65,100, which is a technical adjustment after the breakout. For moving averages, the short-term MAs are still pointing upward. The MACD shows signs of rolling over at high levels, but if it forms another golden cross again, the bulls may still have momentum to push higher.

Next, watch the 4-hour chart:

First resistance: 65,700–65,800
This is the prior high pressure area. If it breaks out with volume, the next target would be:

Second resistance: 66,200–66,500
After breaking through, it may further open up upward space.

On the downside, key support levels are:

First support: 65,000–65,100
This is the short-term bullish defense zone. As long as it holds, the market remains relatively strong.

Second support: 64,600–64,800
If it breaks below here, it would suggest the rising flag pattern may have failed, and you should guard against a pullback toward around 64,200.

Overall, BTC is currently in the flag consolidation phase after an upward move, with a generally bullish, range-bound trend. In the short term, it’s not advisable to chase blindly higher. Focus on the 65,000 support and whether there’s a breakout above 65,700. If it breaks out with increased volume, stay bullish; if it breaks below support, reduce position size and wait for confirmation. $ETH $GT #ETH重返1900美元