⭐ BTC Today's Market Update

Yesterday, Bitcoin rebounded around 62,400, and the rebound again touched 64,200 but was blocked and pulled back. This level is a very strong resistance. Currently, it is consolidating around 62,600. After forming a bottom pattern on the daily chart two days ago, a small bearish candle was mentioned yesterday. Overall, it is oscillating within a small range. The bearish trend is still present, but the rebound is relatively weak, more like a push after being oversold.
The 4-hour price is supported by an upward channel, with the lower boundary around 62,400, which was also yesterday’s support level, providing some support. If this level continues to hold, a rebound may continue.
Currently, the actions of institutional strategies make market sentiment more complex. They first sold 32 BTC, triggering a loosening of the “never sell” narrative, then bought 1,550 BTC, bringing total holdings to 845k BTC, seemingly restoring confidence. But JPMorgan’s concern is not about the 32 BTC, but about its cash reserves and preferred stock dividend pressures. In other words, Saylor’s continued buying can anchor the market, but this anchor has shifted from pure faith to a combination of financing ability, stock performance, and cash flow issues. MSTR’s US stock rose 5.61%, and COIN rose 6.37%, indicating that the equity market is willing to trade a short-term rebound. However, ETF net outflows and institutional unrealized losses are expanding, reminding us that this rebound may not have lasting fuel.
Upper resistance: 64,200-65,000, more crucial at 65,800
Lower support: 62,400-61,500, a break below could see 60,000
Today’s outlook: Slightly volatile, currently in a consolidation phase after the rebound, with no clear direction. If the price retraces to the 62,400-61,500 range without breaking below, consider a light long position. If the rebound is blocked at 64,200-65,000, consider shorting. #美股AI概念股普涨 $BTC