The overnight market exhibited highly volatile and wide-ranging fluctuations. In the early session, the bulls attempted to push above the 70,300 level, but faced significant selling pressure at higher levels, then quickly retreated to around 69,200 for support. Although there was a brief rebound near 69,900 during the session, resistance above prevented a successful breakout, and the price ultimately fell back to around 68,200 to stabilize and consolidate. Currently, both bulls and bears are locked in a stalemate at key levels, and the market is in a preparatory phase before choosing a direction.

From the current market perspective, the daily candlestick pattern has shifted from bullish to bearish, with prices oscillating around the middle Bollinger Band. The moving averages are leveling out, indicating a sideways consolidation phase with no clear trend, and a unilateral trend has not yet formed. On the four-hour chart, bullish momentum has weakened, and the volume contraction with a downward candle is a healthy pullback within the range, not damaging the overall structure. On the hourly chart, after a dip, there was no panic selling, and signs of bottoming out with low volatility are evident. It is expected that the market will maintain wide-range fluctuations in the short term. Given the current broad volatility, it is recommended to maintain a low-buying strategy!

Trading Suggestions:
Bitcoin retraced to around 68,200-67,500, with an upward target of 70,000-71,800.
Altcoins retraced to around 2,090-2,060, with an upward target of 2,160-2,250.