$BTC From the current market perspective, Bitcoin has not formed a clear candlestick today, primarily oscillating within a range. This pullback during the day is essentially a normal correction following yesterday's significant rise in volume. The moving average system still maintains an upward structure, and the retracement process is essentially in a phase of testing bottom support. The daily level still maintains a typical bullish structure. On the four-hour level, after the price retraced to a low of 71700 in the afternoon, it quickly stabilized and rebounded. The key support is located above 71400, which aligns closely with our predicted bottom support range for the day. Through this round of retracement, the market has basically confirmed the effectiveness of the lower support of the oscillation. The Bollinger Bands continue to maintain an opening shape, and the overall trend is still operating within an upward channel. In the short term, there is no need to excessively chase long positions; instead, one should respond to the oscillation range with a high sell low buy strategy.

You can buy Bitcoin in the range of 72000-71500, targeting around 74500; Ethereum can be bought near 2100, targeting around 2250.