This morning, after a rapid and significant pullback in the cryptocurrency price, the price stabilized around 69,800 following the US stock market close, entering a low-range sideways consolidation. The current consolidation is still ongoing. The sharp decline in the early hours caused the price to quickly break through the middle line of the hourly chart, and this round of retracement did not continue the previous pattern of rapid tug-of-war between bulls and bears, but instead remained in a low-range consolidation. The continuous rapid rise on Monday and Tuesday has increased the need for a correction, and the bulls are gradually weakening. Therefore, the short-term strategy is quite clear: after the consolidation ends, we expect the price to further retrace, and the rebound to be sold into.