The intraday market moved up and then pulled back in the morning. After a prolonged sideways consolidation, the price followed the US stock market's rhythm in the evening, continuing to decline with multiple dips. The low tested 66,500 before bouncing off a bottom and rebounding. Currently, the price has returned to around 67,000. The bullish outlook maintained throughout the day led students to short-term gains of 800 points in the afternoon. In the evening, long positions around 66,700 are still being held.

Looking at the four-hour chart, the price has been forming consecutive bearish engulfing candles, continuing its decline. It is overall trading between the upper and middle bands. Although the current trend is still downward, the long lower shadows on recent candles indicate strong support below. The evening pullback mainly follows the low opening of US stocks. The overall upward structure on the four-hour chart has not changed significantly. The current correction is just a brief recovery after a rally, but the overall upward trend remains intact.

In the short-term hourly chart, the price has become oversold following the US stock market’s rhythm. The Bollinger Bands are gradually opening downward. The dollar index shows clear signs of stagnation, indicating some bottoming signals in the price action. The price remains within a triangle range. If it cannot break downward effectively, after the decline ends, our midnights and early morning outlook remains bullish.

For Bitcoin, consider buying around 66,500, watch for 68,000. For Ethereum, consider buying around 1,970, watch for 2,100.