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Sure! Here are the steps to decrease the range of an Excel Timeline:

1. Select the timeline by clicking on it.
2. In the "Timeline Tools" section of the Ribbon, click on the "Options" tab.
3. In the "Edit Timeline" section, select "Date Range."
4. In the "Start date" and "End date" fields, enter the new dates for the range you want to display.
5. Click "OK" to save the changes.

The timeline will now display the new range you set.