$BTC

The overall market is currently in a consolidation-and-accumulation phase, building momentum and waiting for a key window for a breakout. The bearish structure has not been fully eliminated yet; multiple layers of overhead pressure are densely compressing the price action. However, the short-term rebound momentum remains sustained, and there are no signals that the market has started to weaken or worsen.

Yesterday’s daily candle closed as a full-bodied bullish candle. It effectively held above the prior resistance level, making it one of the rare positive breakouts in recent times. The old resistance is gradually being converted into short-term support. Going forward, as long as the current range is defended and volume continues to track closely, the market has the conditions to keep probing the overhead high-pressure zone.

That said, weekend liquidity is relatively weak, and the chart is prone to sudden anomalies being driven by large orders, so the randomness of both upside and downside swings is relatively high. Therefore, at this stage, it is best to avoid blindly chasing gains or cutting losses. The optimal approach is to rely on key support and resistance zones and execute with steady, disciplined entries and exits—take profit at the highs and buy back on dips.

At present, the chart is in a range-bound accumulation and consolidation stage, not a one-way trend market. The true direction of a decisive breakdown or breakout still needs the market’s capital to make its stance clearer.

Support: 62500, 63000, 63700
Resistance: 64300, 64700, 65000