Reviewing the daily market sentiment, yesterday early morning Bitcoin dipped to around 61,184 and quickly rebounded, forming a series of positive candles to rally. After reaching a high of 64,250, it encountered resistance and pulled back, currently consolidating around 63,500. The bullish momentum is beginning to weaken, with Ethereum moving in sync with Bitcoin. The early widespread anticipation of a rebound was perfectly validated, and the evening’s strategic long position with a single move also successfully captured 587 points of profit. Market sentiment has ups and downs, don’t waver in your initial purpose; volatility is normal. Stay calm to catch your own market opportunities.

Currently, the market is in a technical correction phase after a continuous sharp decline. The core driving force behind this rebound is the end of short-term profit-taking and technical squeezing after extreme overselling, which forcibly pushed the trend upward, rather than active new capital entering to buy. On the daily chart, the Bollinger Bands are opening downward. Although the price is attempting a rebound from near the lower band, it is still constrained by the middle band’s strong resistance. It has not yet broken out of the weak trend channel. The MACD has not formed a golden cross reversal, and the long-term downtrend remains unchanged. On the hourly level, bullish elasticity is strong, but overhead selling pressure is dense, volume is gradually shrinking, and upward momentum is weakening. The upper resistance around 64,300 is significant. If the price falls below 62,000, the rebound trend will end, and a second decline toward the 60,000 level will likely occur.

Midnight short positions on Bitcoin at 63,800-64,300, targeting around 62,000
Midnight short positions on Ethereum at 1,700-1,730, #比特币回升5% targeting around 1,600