I am Jin Yingying. I predicted Bitcoin's upward target of 62,000, and the market arrived as expected, with recent trends fully aligning with my forecast. Currently, the coin price is under pressure at 62,000, oscillating narrowly within the 61,000–62,000 range throughout the day, with bulls and bears locked in a stalemate.

After hitting 62,000, the chart turned downward, signaling clearly: retail contract traders are heavily chasing longs within the range, but spot selling pressure continues to suppress upward momentum, indicating a significant need for a short-term pullback.

The market has two possible paths: a rally to a secondary high followed by a decline, or a slight breakout to new highs forming a top divergence before turning downward. Neither scenario is suitable for chasing longs. The resistance at 62,000 is strong, with a concentration of longs in the market and high funding rates, making it highly prone to a long squeeze correction.

For the pullback, support levels to watch are 60,600 and 59,000. If it deeply retests 59,000 and fully clears long liquidity, the market will then have sufficient momentum to target 63,000.
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