Bitcoin Market Analysis: The 4-hour timeframe shows that prices surged yesterday and then pulled back, forming a resistance correction. 63,700 is the core support for this rebound, belonging to the previous consolidation platform's center; currently, the MACD has already crossed into a bearish signal and turned green, indicating that the downward correction momentum is gradually emerging. Hold onto 63,700; this rebound is only a pullback for further upward movement, and there is potential for another rally. Once the price effectively breaks below 63,700, this rebound will be over, and the market will revert to a weak downward trend, testing 61,000 and the previous low of 59,078.



Trading Suggestions:

1. Conservative Long Positions: Wait for a pullback to the 63,700-64,000 zone to stabilize and close with a bullish candle before entering long positions, with a stop loss at 63,300, targeting 66,000-67,000.
2. Short-term Aggressive Shorts: Short at resistance around 65,800-66,000 during a rally that shows signs of stagnation, with a stop loss at 66,550, targeting 64,200-63,700.
3. Breakout Short Strategy: Short if the 4-hour chart breaks below 63,700, with a stop loss at 64,250, targeting 61,500 (strategy for reference #BTC only).
BTC-2.15%
ETH-1.23%
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