Song Xiqing: Yesterday's sharp decline was repaired, and the short-term rebound is an opportunity for trading.

Good morning, let's have a brief chat.

Yesterday's market dropped sharply from 64k to around 62k, then found short-term support at 62.3k (the rebound zone I previously mentioned), and there is potential for another rebound toward 65k, followed by a pullback under pressure.

From the 4-hour chart, as long as it stays above the previous low, the probability of a continued rebound increases, possibly challenging the 65k level again; however, after reaching it, attention should still be paid to selling pressure on the rebound. The overall structure remains within the expected framework, and we will observe as it develops, making judgments based on real-time trends.

Trading suggestions:
Bitcoin: Rebound to around 64.3k-65k for a short-term trade, target 60k-58.5k, with a swing target of 55k.

Altcoin: Rebound to around 1720-1750 for a short-term trade, target 1600-1570, with a swing target of 1500.

Reminder:
The above analysis is Song Xiqing's personal view. The market is ever-changing, and this content is for reference only. No investment advice $BTC is provided!