The intraday Bitcoin bulls and bears are fiercely competing. The market initially weakened during the early session, pulling back to the support zone around 69,500. Subsequently, during the daytime, it entered a narrow range consolidation, with relatively light trading activity.

In the evening, a critical turning point arrived. The price dipped below the key support at 69,000, breaking the deadlock in the market. The bulls quickly gained momentum and launched a strong rebound, pushing the price to test the 71,000 resistance level. After encountering resistance, it retreated from the high levels for a correction.
Today, we maintain a firm low-buying strategy. In the evening, two rounds of long positions on Bitcoin captured nearly 3,000 points of profit, while Ethereum also gained over 100 points simultaneously!

From the current market situation, after the evening’s oscillations and shakeout, Bitcoin has gradually stabilized and entered a correction phase. The daily chart closed positively, recovering lost ground, with a long lower shadow indicating strong buying support at low levels. The four-hour Bollinger Bands are expanding upward, confirming the bottom support upon retest.
The hourly indicators show a golden cross resonance, with bullish momentum steadily releasing.
Overall, the bullish structure remains healthy. The strategy remains primarily low-buying during the midnight session, with a focus on continuation and breakout scenarios.

Bitcoin retraced around 69,800-69,000, with potential targets of 71,800-73,500.
Ethereum retraced around 2,040-2,000, with upside targets of 2,130-2,200.