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From a 4H technical perspective, the medium-term MA144 and MA169 moving averages are still above the price, and the overall long-cycle bearish trend has not reversed. The rebound is a corrective move after the decline.
The range is clear: resistance above at 61322, support below at 57758. In the short term, it relies on capital inflows to maintain an oscillating upward trend, but the medium- and long-term moving averages are clearly suppressing, limiting the rebound. Do not blindly chase highs.
Short BTC near 60500, add to position at 61000, target 59000, 58500.