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BTC surged with volume from the 62800 level in early trading, hitting a high of 63938. Short-term bullish momentum is strong, with Bollinger Bands opening upward. However, the rapid rise has led to high deviation, requiring a pullback for correction. Intraday support is at 63500-63600.
Overall, it remains in a 62000-64690 range consolidation. Price has rebounded to the upper half of the range. MACD histogram turns from green to red, indicating continuous bullish momentum repair. The Bollinger middle band at 62750 serves as strong swing support.
Intraday bias is for a strong oscillating upward move, with support at 63400-63500 and resistance at 64200-64600. The main strategy is to buy on dips, but be cautious of pressure at the previous high resistance zone.
Overall, today's outlook is bullish (long).
Long entry around 63600, stop loss 62800, take profit 64500.
Swing short around 63900, stop loss 64200, take profit 63600.
$BTC