“Big Cake” just put in a beautiful deep-V rebound this round. Yesterday, it was dumped down to around 61,800, and then buy-side orders stepped in and pulled it sharply higher, surging all the way to a high of 65,130. The rebound in a single day was over 3,000 points. The current quoted price is 64,635, up 3.39%, with a net capital inflow of 500 million, and volume has also picked up—bullish momentum is strong.

On the 4-hour timeframe, this move has directly reclaimed the losses from the past few days. The short-term trend has strengthened, but the KDJ has already touched the overbought zone—chasing higher prices can easily leave you trapped. Most likely, it will first consolidate to digest the realized-profit orders.

In terms of trading: short at the 65,100 prior-high resistance—only if it breaks through can it open up upside room and head toward 66,000. Go long on a pullback to 64,000; if it drops below, it will likely revert to a consolidation range in the 63,000 area. $BTC ‌