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Morning Bitcoin rebounds strongly after testing the 61,068 low point, currently testing resistance near 63,000.
The overall upward trend appears intact, but the resistance in the 62,900-63,000 range is quite strong, with selling pressure on the higher side being relatively large, and short-term upward momentum weakening. The market shows a short-term bullish performance, but the upward momentum is gradually diminishing.
Combining the 15-minute cycle trend, the price failed to stabilize above the resistance level, and the supporting technical indicators are weakening simultaneously, indicating a short-term pullback is needed. In terms of operation, you can consider short positions at high levels to play the range decline.
Bitcoin short near 62,900-63,500, targeting 62,000-61,000-60,000.
Ethereum short near 1,660-1,690, targeting 1,600-1,550-1,500.
The above are personal opinions for reference only; everything should be based on actual trading. Maintain good defense, and avoid fighting against the trend. $BTC $ETH #美国5月CPI创三年新高 #预测世界杯墨西哥VS南非 #我的Gate交易时刻 #美伊冲突升级