Bitcoin has now returned to the consolidation range of 62,200-63,800 to fluctuate, failing to break through the upper boundary of the range, indicating that selling pressure above still exists. Currently, to move higher, it needs to break through the resistance zone of 63,800-64,700 to form a trend; otherwise, it will definitely retrace. If it does not break below 62,200, there is still a chance to push higher; breaking below will directly fall back to the support zone of 60,700-60,500 below.

Currently, the upward momentum is weakening, with continuous upper shadow candlesticks, indicating insufficient willingness to chase the highs. The current position's long entry risk-reward ratio is not favorable; it's better to wait for a rebound to the resistance zone and then short after the rally stalls.
In terms of operation, maintain mainly short positions on rebounds.
Bitcoin: Range of 63,000-63,500, with a target down near 61,000
Altcoin: Range of 1,685-1,715, with a target down near 1,600
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