According to CoinMeta, as reported by ForexLive, the spot price of Bitcoin is trading within a narrow range between approximately $64,085 and $65,050, which were the control points and high-value areas last month. If the daily close falls outside this range, it will provide an important clue for the next direction; if it closes outside this range for two consecutive days, it will provide a stronger confirmation signal. Currently, Bitcoin is trapped between $64,085 and $65,050. If the daily close is above $65,050, it will strengthen the rebound and may form a bull flag pattern. If the daily close is below $64,085, then the rebound will be weaker, and attention should be paid to the support levels below. The performance of Bitcoin usually affects the risk appetite of the crypto market; if it establishes value above $65,050, it may improve the risk appetite for Ethereum and other highly volatile tokens.