7.6

Bitcoin around 63000-63200, try long with light position, stop loss at 62600, targets 63800/64000;
Above, in the 64000-64200 range, wait for a reversal short opportunity, stop loss at 64500, targets 63600/63200.

The rebound from the low of 62991.2 to 63557.5 is currently consolidating at a high level. The 63000-63200 area is a previous support platform and a key level on the 4-hour chart. Revisiting this area for a long position is a support-level test with good risk-reward.

Above, 64000 is the 24-hour high and a concentrated chip zone. Approaching with low volume is likely to push the price back. The MACD fast line is flattening above the zero axis, KDJ is overbought at high levels, and the technicals indicate a need for correction.

Intraday, first look at the 63200-64000 range oscillation. A volume-driven breakout above 64000 is needed to watch 64200. If 63000 fails to hold, a pullback to 62600-62500 is expected.

When the long position reaches 63800, reduce half the position; close all at 64000. For the reversal short, wait for signs of a stalling rally above 64000 before taking action. Do not act before then.
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