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BTC spikes up and then pulls back; in the short term, the focus is on going long at lower levels.
Over the weekend, BTC traded in a high-level range. In the early hours today, it spiked up to attempt a breakout at 64,500, failed, and then quickly dropped back to around the 62,400 area. It is currently trading near 63,000.
On the daily timeframe, the price is running above the middle band. After rebounding from a prior bottom, it has entered a wide-range consolidation and is working on range repair. The Bollinger Bands are slightly opening upward, so price may continue to oscillate in the short term.
On the 4-hour timeframe, after consolidating at the high level, BTC pulled back and rebounded after touching the 62,400 area. The KDJ has turned upward, suggesting a short-term rebound/repair is needed.
On the 1-hour timeframe, after a sharp sell-off, it has been rising with consecutive green candles. MACD has turned upward, and the KDJ golden cross continues to move higher. There is still room to the upside, so a short-term pullback is a low-buy and a long-on-dips opportunity.
Entry opportunity: Go long around 62,500; target 63,500-64,500#百万充值补贴