Bitcoin is trading in a narrow range of 700-710. After yesterday surged to 730, it quickly pulled back; the 4-hour chart closed with a long upper wick, indicating heavier sell pressure above 720. Daily support has moved up to 690-695. On the hourly chart, the Bollinger Bands are contracting, and bulls and bears remain locked in a stalemate. Holding above 720 may allow an attempt at the previous high; if it breaks below 695, it would turn weaker, with potential downside below 680. Avoid chasing pumps or selling in a panic.