The short-term bottom for BTC has been largely consolidated. After a round of pullback and consolidation, the next main target is the 62000 mark.

Yesterday, I clearly predicted that the overall market would lean towards a rebound, with prices unlikely to break below the 57700 level again in the short term. The market movement fully confirmed this judgment, as prices held that support and started a strong rally. I also mentioned in the comment section earlier that the pullback support range is locked in at 58300-58600, and there will be no deep drop below 58000.
Yesterday, the market precisely retested the 58300 support. Entering a long position at this level, targeting the previous parallel high of 61000, could yield a profit of 2700 points. If you then reverse to a short position at 61000, the two-way operation in a single day could capture nearly 4000 points of space, offering very substantial returns.

In terms of price action, BTC surged straight from 58300 to 61300 with almost no significant pullback along the way, indicating strong bullish momentum in the short term. However, at this stage, one must avoid blindly chasing the rally. The current market funding rate is at a high level, and the contract CVD indicator is also turning up, reflecting that a large number of retail traders are following the herd and going long, creating strong demand for a pullback adjustment.
If the price continues to rise without a pullback, you can try shorting at the 62000 resistance level, where the probability of a pullback is high. If the price pulls back first and stabilizes at a key support level, then you can follow the trend and go long, with the first short-term target still at the 62000 watershed. Once it effectively holds above 62000, a sizable medium-term rebound rally will likely unfold. #Gate股票转仓功能上线