Currently, Bitcoin is closely watching the important resistance level at 63,000. If it breaks and holds above, it is expected to extend the rebound momentum to the 65,500-66,000 resistance area.



However, from the daily and 4-hour timeframes, the long-term bearish trend has not changed. The current rebound does not show sustained volume increase, and 63,000 is a strong short-term resistance level. Holding this level will require some time to consolidate, so it is more likely to see a range-bound adjustment in the short term.

The support below is in the 61,000-60,200 area. Therefore, in the short term, we can take a short position near the high resistance to capture room for a pullback correction.

Strategy: Short near 63,000! Target 61,800-61,000-60,200.
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