Bitcoin Market Analysis: The daily line retraced and rebounded, with five consecutive positive trends and oscillations, especially after the coin price stabilized at the $65,000 mark, the bearish trend gradually turned bullish. However, the upper pressure is still at the BOLL midline around $66,500. In terms of trend, the balance between bullish and bearish remains relatively neutral. It depends on which direction the market tends to move next. In the short term, the expected retracement during the US trading session has arrived as scheduled. Currently, the overall market has entered a period of consolidation. At this time, Bitcoin remains relatively strong, while Ethereum shows weakness, resulting in little fluctuation in the entire market. The focus for Bitcoin next is the resistance around $66,500. If it cannot be effectively broken through, the coin price will continue to face pressure and may experience a pullback. The support around $65,000 also needs to be monitored. Currently, it is still in a period of consolidation. If there is not much volatility around 2 am, it is expected that Bitcoin will experience another decline, but it is not advisable to aggressively short, as the overall situation is still within the range of a triangle oscillation.

Short-term upper pressure levels: $66,500/$67,000 Short-term lower support levels: $65,200/$64,500

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