On the overall big picture, the “bull” has repeatedly challenged the 64,700 resistance level but failed to break through effectively each time. Relying only on its own momentum, it has become difficult to open up further upside space; an external bullish catalyst is needed to drive a breakout. Below, 61,200 support shows strong resilience and is unlikely to be broken down effectively in the short term. The market will likely maintain a wide-range sideways trading range of 61,200–64,700. In terms of trading, the main approach is to sell high and buy low.

The “Kongsun” focuses on 64,000–64,500; a defensive stance. Above 65,000, the target shifts toward 63,000–62,000.

The “Duo” focuses on whether support around 62,500 can hold effectively; a defensive stance. 62,000. Whether support around 61,500 can hold effectively; a defensive stance. Below 61,000, the target looks toward 64,000–65,000. $BTC ‌