On the hourly chart, the price surged to the upper Bollinger Band resistance at 62271.9 but then faced pressure and fell, closing bearish. The price has never effectively held above the upper band range. The short-term bullish momentum has weakened significantly, and the upper band has now formed a hard resistance.

This rebound is merely a high-level consolidation and repair after a round of upward movement, not the start of a new bullish trend.
On the hourly cycle, the candlestick trend is gradually turning downward, and the price needs to retest the middle Bollinger Band. Chasing long positions at current highs offers extremely poor cost-effectiveness and high risk.
Short-term trading strategy should focus on placing short orders based on the upper band resistance. Insufficient incremental buying in the market makes it difficult to sustain price increases, and the subsequent market is likely to enter a correction phase.
The first support below is the middle Bollinger Band. Avoid blindly bullish views at highs, as a pullback after a topping consolidation can occur at any time.
BTC rebounds to around 62000-62500, go short, target 61000-59500
ETH rebounds to around 1750-1780, go short, target 1670-1600
$BTC $ETH #ETH突破1700