After Bitcoin broke through the 65,500 level and then came under pressure and pulled back, today pay close attention to the strength of the 62,200 support.

Brothers and sisters, I am Jin Yingying. The stock markets in Japan and South Korea have dropped sharply; the Korean stock index has triggered circuit breakers multiple times. SpaceX is also making synchronized deep adjustments. ZI funds have collectively sold off the technology sector. The main reason is that market worries about the prospects for AI have piled on top of rising U.S. bond yields.

With a large amount of ZI funds exiting tech stocks, can the flow be diverted into the crypto market and help major coins and altcoins rebound? You also need to watch the U.S. stock market later this evening. This morning, I planned to enter positions on BTC around the 1,700-point range and on Ethereum to lock in gains of 55 points.

Next, the key is the 62,200 support level: if it breaks below and then quickly regains it with strong force, you can follow the move and go long; if the rebound lacks momentum and can’t hold above, then give up the long-side thinking. Around 62,000, there are a large number of stacked pending orders and liquidity. If it breaks below this area, it is likely to trigger a wick-and-sweep shakeout. Below, focus on the contest in the 61,000–62,000 range.

In the short term, it is still unlikely to break below 59,000; the market will first consolidate and repair. However, 59,000 is definitely not the bottom, and there is still downside room ahead—it's just that in the short term it won’t fall quickly. The 68,000 level above is also unlikely to be reached again in the near term. Today, keep a close watch on whether the 62,000–62,200 support can hold, and adjust your trading approach in real time based on how the situation develops.