The range for BTC today has further narrowed compared to the previous period. It pulled back to around 69,200 at midday and stabilized for recovery. In the evening, it reached a high near 70,700, with overall fluctuations not exceeding 1,500 points. ETH showed relatively more active movements. After pulling back to the 2,016 support at midday, it reversed the downtrend and moved up with oscillations, reaching a high near 2,095 in the evening. We maintained a long bias throughout the day, providing spot prices for long positioning in the early session and continuously advised holding the long direction. The evening movement played out as expected, with BTC capturing 1,125 points in profit and ETH taking 53 points in profit. This kind of oscillating movement during the day is about trading time for profit. When the direction is clear, patient holding will bring gains as expected.

From the current chart structure, BTC has been in an oscillatory correction phase over the past two days. Although the daily line shows four consecutive bullish candles with a bullish structure, the upside profit margins have not effectively opened, and key resistance above remains. On the four-hour level, the movement range continues to narrow, with price repeatedly testing the upper edge of the previous box; the midline support we previously mentioned remains effective, and after pulling back to break through at night, it quickly recovered and stabilized, with support further confirmed. Combined with the hourly level, long and short sides are in intense tug-of-war, with pullback lows and bounce highs converging simultaneously, forming a converging triangle consolidation pattern. The market has entered a critical turning window. Currently, both bullish and bearish sides have not shown clear volume breakout signals. Approaching the weekend, the market will likely see a directional choice. Operationally, we don't recommend chasing long or killing short unilaterally. Prioritize short-term layouts around the range, and only follow the trend after confirming effective breakout signals. Operationally, we don't recommend chasing rallies or selling dips unilaterally. Prioritize short-term layouts around the range, and only follow the trend after confirming effective breakout signals.

BTC: Long 69,400～69,800, targeting 71,500 above.
ETH: Long 2,020～2,045, targeting 2,130 above. $BTC $ETH