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$BTC rose to hit the 63484 high point, then encountered resistance at the upper Bollinger Band. Short-term buying momentum is completely exhausted, and profit-taking funds continue to exit at the high level.
The 63300-63500 range forms a dense selling pressure zone. Bulls lack sufficient momentum to push higher, and the market has since fluctuated and declined, with the center of gravity steadily moving lower. The bearish rhythm in the morning is stable; brief bounces do not change the overall downtrend.
Trading idea: Short 63500-64000, target 62000-61500.