Bitcoin Short-term Analysis

Entry: Rebound around 64,100 to do a quick trade
Target Range: Target (1) 63,800—63,500 (first reduce and take profits)
Target (2) 63,500—63,000 (break below previous low, remaining position for potential gains)
Defense: 64,380
II. Market Logic Interpretation
Market Structure: Market sentiment is volatile, with a peak at 67,292 followed by a reversal downward. The momentum of the previous rally has been exhausted, and the short-term trend has shifted from strong to weak; during the rebound, the price faces pressure at the middle Bollinger band, with continuous selling pressure above, and the rally lacks the strength to re-enter the previous trading range.
Support and Resistance: The previous low at 63,915 shows slight support, but only slows down the decline; it cannot reverse the short-term downward trend. Technical indicators are gradually confirming a bearish signal, with the short-term trend dominating the market outlook.
Trading Strategy: Intra-day, prioritize rebounds from the upper support level to do quick trades, and watch for potential pullbacks in the rally.
III. Market Risk Reminder
This decline is only a temporary correction after a rally, and the medium to long-term cycle remains bearish. Short-term trading must strictly set stop-losses to avoid losses if the market suddenly surges and breaks key levels, leading to trapped positions. #BTC