⭐ BTC Today’s Market Update

From a daily chart perspective, the structure remains bearish and has not changed. The key resistance lies around the upper boundary of the daily range at 62,800-64,200. If price can hold steady here, there is a chance in the short term to probe higher levels. For support below, watch the area near the previous low around 59,100—this is the bulls’ last line of defense in the near term. Once it breaks, it could accelerate a test toward 56,000 and even 55,500. The moving average system is arranged in a bearish order, and the MACD has been running below the zero axis, indicating the medium-term trend is still skewed bearish.

The channel support discussed yesterday on the 4-hour chart showed a response, and today continues that upward movement from support. Yesterday, due to CPI-positive news, Bitcoin was pulled up to 62,800. Currently, the rebound strength is limited, with shrinking volume, suggesting the bulls’ willingness to take over is not strong. If the 4-hour chart can effectively break through and hold above 62,486, then in the short term price may rebound toward the 63,500-64,200 area. Conversely, if it meets resistance again around 62,400 and pulls back, it may retest the 61,500 area.

Upper resistance: 62,400-63,500

Lower support: 61,500-60,700

Today’s plan: Bullish-leaning sideways consolidation; expect further upside, but don’t go long—prefer shorting at higher levels.