Bitcoin Short-term Morning Analysis (Long Position Idea)

Entry: Around 60300-60500, go long
Target Range: Target (1) 60800-61000 (first reduce position and take profit)
Target (2) 61400-61800 (after breaking short-term resistance, gamble with remaining position)
Stop Loss: 59900
2. Chart Logic Interpretation
Trend structure: After the price dipped to a low of 59102.70, it staged a corrective rebound; low-level selling pressure was fully released, short-term bearish momentum exhausted; price retraced to the support zone between the Bollinger lower and middle bands, buying support continues to appear below, bears are temporarily unable to make new lows.
Support and Resistance: There is some selling pressure at the short-term resistance of 61000 above, but it is difficult to reverse the short-term corrective bullish rhythm; indicators show signs of bullish divergence repair, and there is room for the short-term rebound to play out.
Trading strategy: Within the day, rely on the support below to buy on dips, betting on a corrective rebound after the oversold condition.
3. Market Risk Warning
This rebound is only a phase correction after a big drop; the daily chart's larger cycle is still in a bearish trend. Short-term long positions must strictly carry stop-losses; if it breaks below the previous low of 59102 again, the rebound structure will be invalidated, to avoid deep entrapment.