Yesterday, the Bitcoin price once surged to around 62,942, but was quickly suppressed by strong bears and fell back rapidly. Although there was an attempt to stabilize around 61,600 during the session, and it is currently fluctuating narrowly around 62,300, the overall rebound momentum is clearly insufficient!

From the current chart, the daily price level is still being suppressed within the lower band of the Bollinger Bands, with the upper band continuously narrowing downward. This indicates that the long-term downward channel has not been broken, and the current upward movement is still a technical correction after an oversold condition, not a trend reversal.
Although the 4-hour K-line has risen above the middle band, and the middle band shows signs of flattening, with some relief at the upper band pressure, this is mostly a short-term emotional release. Considering the heavy trapped positions above, the rebound space is extremely limited. The 1-hour level experienced a high-level sideways consolidation after a sharp rise, and the long upper shadow on the candlestick clearly reveals heavy selling pressure near the 63,000 integer level. In summary, the trading strategy remains unchanged with a focus on high-altitude short positions!

For Bitcoin, short around 62,800-63,300 and look for a decline to 61,000-59,000; if broken, then aim for 57,000.
For altcoins, short around 1,650-1,680 and look for a decline #预测NBA总冠军赢20,000U to 1,550-1,450.