Early morning Bitcoin faced resistance around 64,200 and retreated, oscillating downward. After touching support near 62,400, it showed a weak rebound, with the highest only reaching around 63,500. Currently, it remains in a narrow range near 63,000. Our high-altitude strategy set yesterday has already played out as expected with the decline.

From the market structure perspective, the price repeatedly failed to test the upper band of the Bollinger Bands during rebounds. The resistance at the upper band has continued to strengthen, and the rebound momentum has significantly weakened. The middle band of the Bollinger Bands has also shifted from previous support to a current area of bullish-bearish contention. The price center of gravity continues to decline, and the bearish force is gradually dominating the market rhythm. Recently, the K-line bodies have been narrowing, with increasing upper shadows, reflecting insufficient bullish enthusiasm for chasing highs. Coupled with volume not expanding in tandem, this is a typical no-volume rebound pattern. If the price cannot effectively hold above 64,000 in the future, the probability of a second bottom will greatly increase. Moving forward, we will still focus on a high-short strategy, trading with the trend.

Bitcoin rebounds near 63,500-64,000, then shorts targeting 61,800-60,000. If broken, then aim for 58,000.
Altcoins rebound near 1,690-1,720, then shorts targeting #Strategy低位加仓1550枚BTC 1,620-1,520.