The intraday market continues to oscillate between 62300 and 63000, with both bulls and bears failing to break out effectively, and no directional move in the short term. The selling pressure in the consolidation has not been fully released, and the need for a pullback repair still exists; operations should prioritize short positions on rebounds.

Chasing longs in the middle of the range carries extremely high risk, with dense resistance above and rallies lacking continuity, making it easy to get trapped; waiting for a rebound high to enter is safer.
After the 1-hour and 4-hour cycles peaked at 62957, bullish momentum has dried up, with long-term narrow consolidation and limited upside.


Fundamentals show clear divergence: short-term speculative funds are heavily biased toward longs, while spot funds are reducing positions on highs. The market's bullish sentiment is overheated, new buying power is weak, and the risk of a pullback continues to accumulate; chasing at highs offers extremely low cost-effectiveness.


Subsequent operational strategy: place short positions on rebounds under resistance, avoid blindly chasing rallies, and strictly control position risk.


BTC short near 62700-63200, target 61000-60000


ETH short near 1770-1800, target 1700-1650
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