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#BTC
The current 4-hour rebound structure is intact, but momentum continues to weaken. There is heavy selling pressure from layers of trapped positions above, while the support for long positions below is fragile. Within a narrow range, large amounts of liquidation chips are accumulated on both sides, making it prone to wick stabs and rapid reversals.
The current key resistance is at the 64000-64800 range. If it cannot hold above during the day, consider shorting. Strong resistance near 65500.
Below, short-term support is near 62300-62000, with dynamic support from the uptrend line. There is a concentration of large spot buying here.
Next, focus on support near 60900-60000, which is the starting point of this round's rally.
$BTC