Intraday trading remains similar to yesterday's white trading session, with prices oscillating around 69,300 and consolidating. In the afternoon, there was a rebound that recovered to around 69,600 but faced resistance. Overall, the trading range is narrow, and the white session has not yet shown a further breakdown signal at the bottom. In the short term, it continues to present a pattern of oscillation and adjustment. Ethereum's movement has been consistent with Bitcoin, with only a 15-point fluctuation today.

The four-hour chart is currently in a critical directional phase. After a spike yesterday, it retraced and tested the midline, encountering resistance. The key support level to watch below is 69,000. If this level is effectively broken, the downside space will open further. The hourly chart, after a rally, has entered a high-level sideways consolidation, with upward momentum clearly weakening and a continued need for a pullback. The major cycle candlestick is currently under pressure from the downtrend line, with further retracement risks ahead. Continue to adopt a sideways approach in the afternoon.

In the short term, Bitcoin continues to look at the 69,000-70,000 range, with a wait-and-see approach for a breakout. The altcoin range is around 2010-2040. $BTC $ETH