Bitcoin remains in a consolidation range, with the 70,000 level still serving as a key resistance for upward movement. Recently, the price has tested this area multiple times without establishing a solid footing. The bullish momentum has clearly weakened, making a direct breakout difficult in the short term. Overall, the trend continues to be characterized by high-level oscillation and consolidation.

Support levels below are around 63,000–62,000, an area that has been tested by bears multiple times. During pullbacks, buying interest gradually emerges, and the battle between bulls and bears remains intense. The market is currently in a phase of indecision and potential direction brewing.

Based on current market behavior, it appears to be a preparatory consolidation before a breakout, with increased volatility but no substantial breakdown. Therefore, short-term strategies should avoid chasing highs or panicking sell-offs. Continue to adopt a range-bound approach of buying low and selling high within the zone. Near the upper resistance, consider light short positions; during pullbacks to key support levels, look for opportunities to re-enter long positions, while maintaining proper risk management.

Only when the price volume breaks above 70,000 and stabilizes can the bulls regain control and further expand the upside space. Conversely, if the support zone is broken with increased volume, the oscillation range may extend downward. At this stage, patience is advised—wait for clear signals and reduce subjective, one-sided trading.

Today’s short-term reference:
Bitcoin can be shorted if it rebounds to the 69,200–70,000 area, with targets around 66,000–65,000;
Ethereum can be shorted if it rebounds to the 2,050–2,080 area, with targets down to 1,960–1,920–1,880.