Intraday Bitcoin volatility has narrowed compared to the previous period. It found support near 69,200 during the midday pullback and reached a high of 70,700 in the evening, with an overall fluctuation of 1,500 points. Ethereum showed relatively active movement with an 80-point rebound!

From the chart perspective, Bitcoin has been in consolidation and correction over the past two days. The daily chart shows four consecutive bullish candles, but the upward space has not been effectively opened, and key resistance remains above. The 4-hour timeframe shows continuous narrowing of volatility, with price repeatedly testing the upper boundary of the previous range. The mid-line support has been effective, and after a false break during the evening pullback, prices quickly stabilized. The hourly level exhibits a tug-of-war between bulls and bears, with highs and lows converging simultaneously, forming a converging triangle pattern. The market has reached a critical turning point. Currently, neither bulls nor bears are showing clear volume breakthroughs. As the weekend approaches, the market is likely to choose a direction in the short term. In terms of trading, it is not recommended to chase rallies or panic sell. Focus on short-term range trading and follow the trend after a confirmed breakout.

Bitcoin retraces to around 69,300-68,500, with an eye on 71,800-72,800 above.
Ethereum retraces to around 2,020-1,980, with an eye on 2,100-2,180.