Bitcoin Short-term Morning Analysis

Entry: Rebound around 64,200-64,300 to do some trading
Target Range: Target (1) 63,800—63,700 (take partial profits early)
Target (2) 63,600—63,300 (breaks previous low, remaining positions for potential gains)
Stop-loss: 64,500
II. Market Logic Interpretation
Market Structure: Market trend is fluctuating; after reaching a peak of 65,622.83, it turns downward. The momentum of the rally has been exhausted, and the short-term trend shifts from strong to weak; during the rebound, it 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 63,270 shows slight support, but only slows down the decline, unable to reverse the short-term downward trend; technical indicators are gradually confirming the bearish signals, and the short-term trend dominates the market outlook.
Trading Strategy: Intra-day, prioritize rebounds from the upper support levels to do some trading, and watch for potential pullbacks in the rally.
III. 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 from sudden breakouts that could trap positions. Be cautious of the market rally resuming and breaking through key levels, leading to losses. #BTC