Last night, Bitcoin dipped to test the 58,000 support level but failed to break below, showing buying support. The market has been steadily rising since the early morning, hitting a strong resistance near 61,300 during the morning session, after which bullish momentum faded and prices quickly reversed downward.

From the current chart, the 4-hour level shows clear stagnation after the price hit the 61,322 high, with a long upper shadow bearish candlestick. The price touched the upper Bollinger Band and then came under pressure, while the Bollinger Bands overall are contracting and flattening. The bullish momentum in this rebound has significantly weakened, indicating a clear need for a short-term pullback and correction; On the 1-hour chart, after reaching the 61,322 high, consecutive bearish candlesticks have appeared, with the price falling back to the middle Bollinger Band. The short-term upward trendline has been slightly breached, and the short-term bullish structure has directly collapsed. The overall rebound is basically declared over, and the subsequent trading approach should firmly focus on shorting at highs.

Bitcoin: Short near 60,800-61,300, target 59,500-58,000, and if broken, then target 57,000.
Ethereum: Short near 1,640-1,670, target 1,550-1,450#Circle股价重挫17% $BTC $ETH