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Based on the current market chart, Bitcoin's daily rebound has encountered significant resistance at the midline, and the Bollinger Bands are narrowing and flattening, indicating the market has entered a consolidation and negotiation phase. The price is vying around the midline, which is a short-term indicator of strength or weakness. If it stabilizes above the midline and moves upward, it may enter a strong consolidation zone; if it struggles to break the midline, the trend structure will remain under pressure, and a weak pattern will be difficult to change.
On the four-hour chart, the price rose to the upper band but faced resistance, with the short-term upward momentum slowing down, indicating a phase of correction after a rally. The market has shifted from rapid decline to rebound correction, now caught in a tug-of-war between bulls and bears. Considering the short-term resistance levels, focus on the downward momentum after the rebound encounters resistance, mainly adopting a high-selling approach.
Bitcoin: Range around 71,300-71,800, with a buy limit at 72,300, and a target lower range of 70,300-68,800.
Ethereum: Range around 2,090-2,130, with a buy limit at 2,160, and a target lower range of 2,040-1,930.