$BTC The market picture over the past hour is very clear. The “big pancake” spiked to 64,411 and then directly plunged on a sharp increase in sell volume. After it dropped to 62,434, it rebounded slightly. Now the price is stuck at 63,134, stalling with no progress; trading volume can’t keep up, and there isn’t enough upside strength.

The 63,000–63,300 area is the first resistance zone. Further up, 63,575 is a heavy pressure level at the Bollinger middle band. If the rebound returns to that range, you can short directly. The key support below is 62,434. Tonight there are also two major blockbuster news items, so volatility will increase—make sure to keep your risk light.