Although this evening’s newsflow brought a positive catalyst, the bulls’ momentum was clearly insufficient. BTC surged to around 63,700 and then abruptly stalled, leaving behind a long upper wick. This shows that sell pressure above is still extremely heavy, and the larger trend is still dominated by the bears. Next, focus on whether BTC can break through the 64,500 resistance; until it can effectively hold above it, GaoKong’s trading plan remains unchanged.