This morning, there was a strong upward surge, quickly rising from around 61,500 to a high near 64,250, then facing resistance and pulling back, currently oscillating around 62,950. In the short term, there is obvious selling pressure at high levels, and the bullish momentum has weakened after the surge, indicating a phase of pullback confirmation after the rally.

Currently, it is still declining after the rebound, and remains near the key support level after the breakout. Short-term resistance above is clear, and the sustainability of the rebound is doubtful. If it cannot re-establish above the 63,500-64,000 range, it is likely to return to a consolidation and adjustment phase. Blindly chasing highs is not recommended.

Regarding trading strategies:

If it rebounds to the 63,400-63,900 range, consider light positions, with targets around 61,700-62,200. If it breaks below the 62,000 level again, look further down to the previous oscillation lower boundary at 61,500-61,000. If it stabilizes around 60,500 on a pullback, consider light long positions, with targets in the 63,300-63,800 range. $BTC $ETH