Early trading sees a volume contraction with the market consolidating. Bitcoin's price has recovered after dipping near 69,300 around midnight. During the white session, the volume contraction continued and the price hovered around the 70,000 level, with sideways fluctuations. After testing near 69,500, it rebounded and surged higher, but faced resistance at 70,200. Currently, it has retraced back into the short-term oscillation range. Ethereum has been moving within a range of 2020-2040, maintaining consolidation alongside Bitcoin. At noon, we also provided everyone with a favorable current price order. Not sure how many friends took the opportunity.

Today during the white session, the market experienced volume contraction with only a few hundred points of fluctuation, more like a preparatory adjustment structure, mainly to build momentum for tonight’s CPI release and to distinguish a significant breakout. Structurally, the four-hour chart remains above 69,000 with sideways movement. If the price cannot hold above 70,000, the consolidation range will shift upward further. The second high point again appears to be a false breakout beyond the trendline, turning into a pressure zone and forming an adjustment pattern. As for the current market, it’s still a bit early to determine the trend of bulls or bears. The main direction depends on tonight’s data. Continue with a short-term trading mindset, favoring a trend-following approach with low buy-in.

Bitcoin can be bought around 69,500, targeting near 70,500. $BTC $ETH