The intraday price action overall hasn't fluctuated much. Bitcoin rebounded in early trading to around 74700 at its highest but pulled back under pressure. At midday it retested lows near 73700 where it stopped declining. Currently it has recovered to around 74000 again and is consolidating. Ethereum's second rebound met resistance again near 2350, maintaining consolidation within the 2300-2350 range. Market volatility is limited, but intraday we executed one long and one short position on Bitcoin, precisely capturing the fluctuation range and booking 1400 points of profit. ETH retested near 2310 in early trading to enter the position, exiting after banking 35 points. Currently in an accumulation phase, there are still profitable short-term methods. Maintain range trading with solid profits still available.

Looking at the 4-hour chart, the K-line needs to close with a solid body to maintain the consolidation range. The Bollinger Bands are currently showing a compression pattern with the middle band continuing to move up. The support structure at the bottom will also continue to rise. This current sideways consolidation is a typical time-for-space consolidation technique, and the market will subsequently experience further volume expansion to determine the major direction. Watch the middle band support structure at the bottom, and pay attention to the 75000 resistance line above. If broken, we can expect continuation upward toward 76000 and above. For short-term strategy in the afternoon, continue operating with the consolidation approach.

Bitcoin can be traded within the 73500-74500 range. ETH can take longs near the 2300 bottom on retests, capturing short-term moves. $BTC $ETH