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Bitcoin has attempted to test the resistance level of 64,700 for the third time, rising sharply then immediately pulling back, still unable to break through effectively. This is a bearish signal for the bulls; failure to break this level means the current rebound space will be limited, and the market is likely to turn downward again. The key support below is 63,200; if it is broken decisively, the price may retest the support at 62,300.
In terms of trading, you can enter short positions in stages according to the rhythm and take partial profits; it is not recommended to hold positions for too long. Going forward, the priority remains to short on rebounds after a rally.
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