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The current chart remains in a state of shrinking volume consolidation, with clearly insufficient bullish momentum. Each rebound is consuming buying power. BTC surged to 63,386 but faced selling pressure and pulled back, failing to hold the key level of 63,300. On the hourly chart, it encountered selling pressure upon touching the upper Bollinger Band and fell back, with bulls unable to sustain the uptrend. It is likely to pull back to test the 62,500 support in the future.
The strategy remains to go short on rebounds at highs. Conservative traders can also wait for a rebound at a high level or for a failure to retest after breaking below 62,500 before entering short positions.
#GUSD年化升至3.8% $BTC $ETH