Yesterday early morning, Bitcoin surged to around 72,800 due to news stimuli, then maintained a narrow 600-point range throughout the day, and in the evening, it attempted to retest the previous high but faced resistance and pulled back. From early morning to evening, we continuously advised to go long on dips, with all targets achieved. Bitcoin gained over 5,000 points, while Ethereum also gained 200 points.

Looking at the current market, Bitcoin surged higher and then narrowed into a consolidation, with a second attempt to test the top in the evening followed by a pullback, overall showing wide-range oscillation. The daily chart closed with a small-bodied doji bearish candle, indicating a phase of balanced bulls and bears. On the four-hour chart, after an evening of volume-driven rise followed by a quick pullback, the previous high was effectively tested, forming a double-tap top under technical pressure. The high-level sideways consolidation shows increasing bearish momentum, but with insufficient volume, a short-term correction is still needed. The hourly Bollinger Bands are narrowing, indicating the market is entering a consolidation phase, returning to the previous oscillation range. Personally, I believe after a correction, the upward move will continue, so I still maintain a low-buying strategy.

Bitcoin retraces to around 70,700-70,000 to go long, targeting 72,800-74,500.
Ethereum retraces to around 2,180-2,150 to go long, targeting 2,280-2,380.