$BTC Intraday Market Analysis

BTC current price is approximately $63,400, still in a rebound channel on the hourly level, but upward momentum is weakening. The support at 63,200 from yesterday remains effective, and today’s strong support zone has shifted downward to the 63,000-61,500 range, making a phased long position strategy reasonable. The key dividing line is 64,700; a breakout would confirm a daily rebound, targeting 67,000-67,500. If it cannot break through for a long time, a pullback to lower support levels may occur.

Clear direction: Short-term oscillation leaning bullish (holding above 63,000 for a rebound), but the daily trend remains bearish, with limited rebound height.

Trading suggestions:
Long positions: Enter in phases at 63,000, 62,300, 61,500, with a stop loss at 60,600, targeting 64,700 → 67,000

Short positions: Resistance in the 67,000-67,500 zone can be tested for shorts, with a stop loss at 68,200, targeting 64,700

Position size should be phased, with strict stop losses, and pay attention to news developments.

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