Reviewing the intraday market trend, after the US stock market closed in the morning, the cryptocurrency prices experienced a narrow range consolidation with a slow oscillation slightly upward. The price gradually tested the resistance above 68,000, but tonight it again experienced a sharp rapid pullback, with the bears quickly increasing volume. The low briefly touched below the 66,000 level, then the price entered a sideways consolidation phase. The current consolidation rhythm is still continuing. Early this morning, a real-position long position on Bitcoin was precisely gained for 900 points in the short term. The real-position long position entered at 65,877 points in the evening is still being held. Interested friends can continue to monitor the price movements on the market.

Looking at Bitcoin on the four-hour chart, after a slow decline, the price closed with a large bearish candle, quickly breaking below the middle band. The four-hour chart is about to form a long lower shadow doji candlestick. Although the price experienced consecutive large pullbacks, it still remains within the triangle range. The doji candlestick also indicates a potential trend reversal. If the price cannot achieve a substantial downward breakthrough, we will maintain a bullish outlook for the future. On the hourly chart, Bitcoin experienced consecutive bearish candles, rapidly falling below the lower band, forming a brief oversold condition. Then, the price moved with alternating bullish and bearish candles, quickly recovering the market. The price also quickly returned within the indicator range. The hourly MACD histogram shows a gradual weakening of the bearish momentum, while the KDJ three-line indicator is slowly converging from bottom to top. After the pullback and consolidation, we expect the price to rebound. The retracement provides an opportunity to participate with a buy-the-dip strategy.
For Bitcoin, consider going long around 65,800, with attention to 67,500. For altcoins, consider going long around 1,930, with attention to 2,050.