Trading is like a stream; it's not about a moment of rushing but about sustained resilience. Each retracement is for stronger accumulation; each fluctuation is for clearer direction. Holding onto critical support means holding onto the market's pulse and one's own rhythm.
Yesterday, after a strong rebound, the market re-entered the classic oscillation cycle before 'accumulation - breakout.' Bitcoin oscillated narrowly within the key psychological range of $71,800 - $70,000, while Ethereum transitioned within $2,100 - $2,200. The shrinking volume and narrowing amplitude of the market indicate the precursor to a new round of directional choice.
From a technical structure perspective, although the daily level has not shown a strong V-shaped reversal, a short-term bottoming pattern has begun to emerge. The price has repeatedly found effective support at the key level of $70,000, forming a clear 'support confirmation - gradual rise' pattern. Currently, the key resistance level is near yesterday's high of $71,800, where the previous dense accumulation area converges. A breakout with volume will open up upward space.
Intraday operation strategy: Continue to maintain a mildly bullish oscillation outlook, with $70,000 as defense. Gradually build long positions near this area during retracements, targeting the $71,500 - $71,800 range. If a volume breakout above $71,800 occurs, it can be seen as a right-side accumulation signal, targeting the resistance area of $73,000 - $73,500. $BTC $ETH $SOL $XAUT $DOGE