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$BTC
Short-term indicators show that the upward momentum has eased somewhat, but the overall bullish formation remains intact, and there is no sign of a trend reversal. The 63700 area has a large accumulation of buy orders providing support, with the 63200 moving average and the 63100 Bollinger Band middle line forming layers of defense below.
From the four-hour cycle perspective, the overall structure is stable, with various capital data trending smoothly and no abnormal fund movements. Currently, it is difficult for bears to launch a significant sell-off, and bulls hold the initiative in the short term.
BTC: Long at 63500, target 64500-65500.