$BTC

In the short term, the 1H Bollinger lower band at 6.2840 has become a stage-like strong support. The price has repeatedly probed lower and then quickly reclaimed it, forming a low-level bottoming pattern. The order book depth data is favorable for bulls: buy volume is 5 times that of sell volume, and there is sufficient capital supporting prices at the lows. The funding rate is at an extreme low, indicating that short-seller sentiment has been concentrated and fully released.

On the 4H timeframe, the MACD green bars are expanding slightly, and bearish momentum is still in place. However, after the price fell below the middle band at 63300, there is a dense stack of orders below and the support is solid. This level belongs to an emotionally oversold zone, where taking a hard stance against shorts carries extremely high risk and makes it very easy to miss the next round of a rebound.

BTC: 63000 buy, target: 64000-64500