# Bitcoin and Ethereum Technical Analysis Update

The midnight Bitcoin movement remains relatively flat, with the price oscillating in a narrow range around 74,500, with an overall volatility of no more than 500 points. During the early morning session, the price briefly pulled back to 73,800 before stabilizing and rebounding quickly, currently trading back around 74,200. I provided a long strategy near 73,800 in my midnight analysis. Although some traders may have missed the timing for entry, the overall movement rhythm remains aligned with my predictions. Friends who executed the strategy should continue holding patiently.

From the current price action perspective, the range consolidation pattern continues, with weakening downside pressure and gradually strengthening upside momentum. On the hourly timeframe, the price broke above the midline in the early session and quickly recovered to establish solid support. The overall volatility continues to narrow, and both bulls and bears are accumulating energy for the subsequent directional breakout. Combining the 4-hour chart, after the consecutive down candles ended, although another small bearish body formed, the sustained volume contraction indicates bears lack the momentum to continue declining. Short-term upside momentum is gradually recovering and taking control. Early morning long strategy remains unchanged; continue looking for opportunities to buy at lower levels.

**Bitcoin**: Long 73,500～73,800, target 75,500.
**Ethereum**: Long 2,280～2,300, target 2,380. #比特币站上7.5万美元 $BTC