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At the moment, the short-term upward momentum for Bitcoin longs is gradually weakening. On the hourly timeframe, a clear head-and-shoulders top formation has begun to form, with signs of bearish divergence.
The short-term Bollinger Bands are slightly opening; price is riding close to the upper band. There is strong suppression around 63500, and a pullback may happen at any time. A high-level turn is expected, with an expectation to “step in” near the turning point. A turning-point signal may appear in the short term!
Currently, price is consolidating and undergoing a retracement in the short-term high zone. It’s not recommended to chase. Instead, consider a pullback from a high level!
Method: Short around 63500, add at 64000. If it breaks and holds, set a stop loss at 64300. Then look for downside toward 62000. If it breaks, look at 61000–60200#比特币