Bitcoin Big Pie late-night thoughts

After the intraday surge to highs, the bullish side’s momentum continues to fade. The market keeps getting pressured and sliding lower, and the overall bearish trend is very clear.
The rebound strength is weak. Each time prices rise, it comes with selling pressure. The downward move remains consistent and smooth, so at this stage it’s not advisable to blindly bottom-fish.
Moving averages above continue to suppress the price. For the short term, prioritize waiting for the rebound to face resistance, then set up positions in line with the trend. Stay on the sidelines until support below is firmly established, and use light positioning to avoid the risks caused by repeated choppy swings.

Key levels
Resistance levels: 62700, 63200
Support levels: 62060, 62000

Trade ideas & layout
Big Pie: Rebound 62700-62500, look for 62000-61500 as the target

Second Pie: 1790-1820 rebound, target 1760; if it breaks through, look for 1700

#BTC #ETH