Saturday 7/4 BTC morning thoughts

The lingering bullish sentiment from the non-farm payroll data continues, with Bitcoin maintaining a high-level consolidation pattern, briefly testing upward resistance during the session. Today, the U.S. stock market remains closed for the Independence Day holiday, overall market liquidity is weak, there is a lack of incremental capital to sustain the rally, and upward momentum has clearly slowed. This round of rebound is merely a short-term recovery driven by news, with spot capital continuing to flow out. The broader environment of medium- to long-term position reduction by institutions hasn't changed, and the overall downtrend hasn't been reversed. On the technical side, $60,000 remains the key support/resistance level for this rebound, while the $62,000–$63,500 zone is densely packed with trapped positions, creating heavy upward resistance. The four-hour bullish momentum is gradually fading, and short-term profit-taking demand is emerging. Overall, the market will continue to oscillate at high levels, representing a consolidation phase within the downtrend. The bearish trend hasn't been broken, so avoid blindly chasing highs. Keep a close watch on the stability of key support levels, and be cautious of a pullback once the positive news is fully priced in.
Operation suggestion: short at 628-635, target 618, if broken then see 610, if not broken then reverse to long $BTC $ETH $SOL