Bitcoin Short-term Analysis

Entry: Rebound around 62900 to do a quick trade
Target Range: Target (1) 62500—62300 (First reduce and take profits)
Target (2) 62200—61800 (Break below previous low, remaining position for potential rebound)
Stop-loss: 63300

2. Market Logic Interpretation
Trend Structure: Market momentum surged to 64631.5 peak, then turned downward. The initial momentum has been exhausted, and the short-term trend has shifted from strong to weak; during the rebound, prices face resistance at moving averages, with continuous selling pressure above, and the momentum is unable to re-enter the previous trading range.
Support and Buying Power: The bottom support at 62232.1 shows slight buying strength, but only slows down the decline, unable to reverse the short-term downward trend; technical indicators' buy signals are gradually strengthening, and short-term momentum dominates the market.
Trading Strategy: Intra-day, prioritize rebounding at resistance levels to do quick trades, and watch for potential pullbacks in the trend.

3. Market Risk Reminder
This decline is only a temporary correction after an upward move; the medium to long-term cycle remains bullish. 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