$BTC The morning market perfectly confirmed our prediction, with Bitcoin showing resilience at the 62,500 level. Our long positions placed at this level were precisely taken profit at 63,000, securing steady short-term gains. However, after taking profit, the market did not continue its strength; currently, the price is only hovering around 62,800. This reflects that the bulls lack confidence above 63,000, indicating a typical "resistance rebound" rather than a trend reversal.

From the hourly perspective, the bodies of the rebound bullish candles are gradually shortening, and trading volume is decreasing in a stepwise manner, showing early signs of volume-price divergence. Some candlesticks have long upper shadows, indicating heavy selling pressure above. Every attempt by the bulls to push higher is quickly suppressed. This combination of "shrinking volume on rebound + long upper shadows" often signals that short-term buying power is exhausted and that the market is about to weaken.

Currently, the zone between 63,000 and 63,200 forms a strong resistance area. If the rebound cannot break through this zone with increased volume, this rally is likely a trap to lure buyers, setting the stage for a second downward move. In terms of trading, after locking in profits on long positions, it’s best to stay on the sidelines and avoid chasing the rally. Focus on the resistance around 63,200 for potential short opportunities. The primary support remains at 62,500. If this level is repeatedly tested and broken, the downside space will open up, with a further retest towards around 61,800 likely.