Early morning price movement was not significant, with pullback momentum relatively obstructed. BTC reached a low around 69,500 before stopping the decline. The early morning node has maintained oscillating movement without providing much room. Following US stock market close, the ratio saw multi-position recovery, with BTC briefly recovering to around 70,888 facing resistance. As the weekend approaches, trading volume has shriveled, and the market is likely to move further out of the oscillation range as overall interval adjustment. Regarding Ethereum, pullbacks remain obstructed near 2,100, with rebound currently reaching around 2,170 facing pressure. In the short term, neither highs nor lows have provided breakout signals.

From the current market view, after three consecutive bearish daily candles, the first adjustment has emerged, with K-line showing doji pattern, intraday operation range moving around the midline without providing further breakout. Currently, the bottom support structure is relatively strong, K-line is within the previous consolidation range. As we approach the weekend, whether the time-for-space trading pattern can continue becomes particularly crucial. Combining the 4-hour chart, the pattern shows another consolidation before the first half rally, with bottom 69,000 unable to break, and forming a relatively strong double-bottom structure. However, as the weekend approaches with relatively shriveled volume, the pattern may gradually weaken. Whether market reversal occurs still needs to monitor whether the upper consolidation zone (71,000 to 72,000) breaks through.

Weekend operations for BTC: watch the 69,500-71,000 range for range-bound high sells and low buys. For ETH: watch the 2,120-2,170 range for range-bound high sells and low buys. #加密行情震荡 $BTC $ETH