Bitcoin Short-term Analysis



Analysis: Rebound to 62,700–63,200 looks at 61,500–61,000
Down to 60,500

Last night, Bitcoin surged past the 62,800 level but quickly retreated to 61,600, leaving a clear long upper shadow on the daily chart, which fully indicates extremely heavy selling pressure above 62,800. In the early trading hours today, the rebound appears somewhat weak, and on the hourly chart, a descending flag pattern has already formed.
Additionally, the upcoming unemployment benefit data to be released tonight is highly anticipated, with the market generally expecting this data to be bearish for risk assets, leading some funds to hedge early. Based on the current technical trend and news expectations, it is recommended to adopt a strategy of "shorting at resistance levels during rebounds," while ensuring stop-loss orders are in place. The first target below can focus on the 61,500 level. #美国5月CPI创三年新高 $BTC
BTC1.26%
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