Earlier it was mentioned multiple times that as long as the level around 62K isn’t broken, it can be kept bullish—but now the price has reached the upper bound of the downward channel.

Before there’s a breakout, don’t blindly go long. For example, if during the Asia session it stays around 648 and consolidates sideways, in the evening it may continue to print higher highs.

For resistance above, focus on 655-67K. As long as the price hasn’t reclaimed 67K, temporarily don’t look for 70K. For support below, watch 636 and 62K.

My personal plan: sell short with 655 as the entry, take profit near 67K, and cut loss at 68K.

You need to monitor the chart to go long at 636 or 62K. If it comes back to 62K again, my view is that it will very likely break down. For longs below, pay attention to the area around 60K.