$BTC Bitcoin moved up to around 64700 in the early morning, almost entering another range, and is currently pulling back. Calculated from 57758, the rebound has been nearly 7000 points so far, which also means it's about to end. Personally, I think this rebound will only reach 65000-66000, because only after a pullback can we better continue the upward trend!



From the current market perspective, I don't want to bet on positions below 63170 (the short position from the early morning), so I let it go here. If the pullback breaks below 63170, it will enter the range of 63170-61160. This range of about 2000 points is enough for us short-term traders!

So this afternoon, we will play like this:
When it pulls back to around 62330, we can go for a long position. If we do, keep the position size small.
The normal left-side entry level for a long position is around 61000-61400.

I won't write about short positions for now. If it breaks below 63170 with volume, you can chase a short position, aiming for around 62300. Personally, I don't want to chase, to be honest!$BTC
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GateUser-0f8d377b
· 3h ago
63170 broke, chase short? I'll just wait and see, this level is too grinding.
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ZeroSlippage
· 3h ago
Couldn't hold the short position in the early morning, now I'm kicking myself.
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ViewingBullAndBearMarketsFromA
· 4h ago
Bounced up from 57758 to 7000 points; pullback demand is completely normal. Wait for an entry on the left side around 61000-61400.
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CandleWickPoet
· 4h ago
I’ve placed a long order at 62330, manage your position size.
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SlippageSkeptic
· 5h ago
This rebound has indeed largely run its course, with visible resistance around 65000.
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