Bitcoin bullish momentum is weakening. The market has repeatedly tested the 64000 resistance level recently, but the price has been unable to hold above it. There is heavy selling pressure accumulating above, the upward momentum continues to weaken, and bearish pressure is gradually increasing.

The daily indicators are turning weak, confirming bearish strength. The daily KDJ is turning down from a high level, upward momentum is fading, RSI values across all periods are declining, buying pressure is decreasing, the MACD red bars' momentum is waning, upward momentum is insufficient, and the probability of a pullback is increasing.
For short positions, focus on the 63300-64000 range. If a rebound reaches this range, consider shorting at highs, with a target around 61200, a stop-loss above 64700, to guard against false breakouts and reversal losses.
For long positions, focus on the 60500-60k range, with a target of 63300-64000, and a stop-loss below 60000.$BTC ‌