Early morning BTC experienced a round of intense volatility, with the price quickly rising from around 61,500 to a high of 64,250, then facing resistance and pulling back. In the short term, there is obvious selling pressure at high levels, and the bullish momentum has weakened after the surge, indicating that the overall market is entering a phase of pullback confirmation after the rally.

From the current market situation, the daily trend line still suppresses the price, and the current rebound is defined as a "oversold correction," with no reversal signals appearing yet. Although the 4-hour chart has broken above the middle band of the Bollinger Bands, indicating a short-term warming, the long upper shadow on the 1-hour chart suggests significant selling pressure above 64,000. This kind of pullback after a sharp rise is often a precursor to renewed bearish strength. Therefore, the strategy remains to look for high-level short positions!

Bitcoin rebound around 63,800-64,300 for short positions, targeting 61,800-60,000, and if broken, then down to 59,000.
Altcoin rebound around 1,710-1,740 for short positions, targeting #比特币回升5% 1,620-1,520.