From midnight to early morning, Bitcoin experienced a wave of accelerated decline, followed by a period of consolidation within a range. The fluctuations were relatively limited, with a range of less than 1,000 points. Early morning suggested a cautious approach, and after successfully realizing nearly a 1,000-point drop, it advised everyone to take profits and secure gains. As the market oscillates and fluctuates, no better opportunities have appeared.

From the current market perspective, the momentum of the downward trend has eased, and the retracement energy is gradually weakening. The price entered a consolidation phase around 68,500. On the four-hour chart, Bitcoin formed four consecutive bearish candles with long lower shadows, indicating strong support below and a clear willingness of buyers to absorb the dips. Meanwhile, the fast and slow moving averages are turning downward from a high position, about to form a death cross, signaling a period of consolidation and preparation for further decline.

Next, focus should be on the 67,500 level, which is both the recent high point of this rally and the upper boundary of the previous small-range box. If this level is broken effectively, there is a possibility of testing new lows. Friends holding Bitcoin can continue to adopt a bullish mindset in the afternoon.

Bitcoin: 68,800–69,100, with a downside target of 67,500.
Altcoin: 2,120–2,140, with a downside target of 2,050. $BTC #Strategy再增持4871枚BTC