Bitcoin completed a standard "sharp decline—gradual rebound" correction last week, currently entering a narrow range around 63,000.

From the market structure perspective, although the rebound shows some persistence, there are clear signs of weakness in the 63,000–63,500 zone, with various technical indicators showing overbought signals.
Short-term pullback pressure will gradually materialize.
Therefore, today's strategy remains focused on shorting the rebound at high levels:

Entry: 63,300–63,700 (wait for a rebound test in this zone and then participate)

Stop-loss: 63,950 (if it stabilizes above 64,000, the structure turns stronger)

Target: 62,800 / 62,200–62,500

The core premise remains unchanged: a rebound is not a reversal; if the rally weakens, expect a pullback.