Currently, Bitcoin is generally maintaining a narrow range oscillation. The daily level has closed with two consecutive bearish candles, and the bullish momentum is clearly insufficient.

During the midnight session, a short position entry point at 62,600 was provided. The early session saw a minimum retracement to around 61,500. Those who followed the entry managed to secure a stable short-term profit.

In the day before yesterday's market, a high-level short position at 64,000 was given, which also yielded sufficient downside space. Many friends have taken decent profits. At this stage, the market is oscillating back and forth. In trading, never impulsively chase gains on a small rebound, nor blindly short on a price retracement, as it is easy to get stopped out both ways.

The daily price tested the middle Bollinger Band support and then recovered above the middle band without forming a valid breakout. The KDJ indicator is turning downward, showing weakness. RSI is slightly recovering upward. MACD bullish volume is still shrinking.

The 4-hour chart bounced off the lower Bollinger Band support and is now testing the middle band resistance. KDJ and RSI are both turning upward simultaneously. On the hourly chart, the price briefly broke above the upper band, but both indicators have entered the overbought zone at high levels and are showing signals of a downward correction. Synthesizing multi-cycle trends, today's operation should still focus on shorting at high levels.

Trading suggestion: Aggressive traders can go short directly at the current price. Conservative traders can short around 63,200-63,800, targeting around 61,800-61,200. If it breaks below 60,000, defense at 64,500.
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