Bitcoin hits a low of 63,660 before gaining support, initiating a technical rebound correction. The middle band of the hourly Bollinger Bands at 64,600 has become the immediate resistance level. For the rebound to continue, it must stabilize above this price. This round of rally is just a short-term correction after the decline. The strong resistance above still exerts continuous pressure, and the overall high points keep moving lower. The weak market pattern has not been changed.


Do not immediately turn bullish just because of a slight rebound. After the rebound reaches the target, the bears will still launch another downward move. Control entry points carefully, and continue to prioritize a high short strategy.
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