BTC’s intraday order book has entered a narrow-range consolidation and stabilization phase, with overall price movement staying locked within only a few hundred points. Even though the 4-hour timeframe is oscillating upward with support from the midline, the candlesticks have repeatedly closed with long upper wicks, indicating clearly strong sell pressure above. On the hourly timeframe, the price action is gradually converging; the amplitude continues to shrink, forming a choppy pattern of alternating bullish and bearish small candles. Neither side has shown any significant volume expansion.