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Daily golden cross emerging, 12-hour level W bottom forming.
Focus on the neckline at 63,200; if it retraces without breaking the neckline, the first bullish target is 67,100, the second target is 72,000.
Breaking below the neckline invalidates the W pattern.
For intraday trading, short Bitcoin at the current price of 64,500 with a stop loss at 64,888.
Watch for a retracement to 63,200; if it breaks or holds.
If it doesn't break, go long again; if it breaks, continue to watch the 60,500-64,500 range for consolidation and correction.