Guys, the afternoon BTC surged higher and then pulled back, moving in a range! Earlier today, it topped out around 65260 and then got rejected, turning down. Now it’s trading near 64550, and the intraday gain has narrowed to 3.27%. Funds saw a net inflow of 592 million, and profit-taking from those who chased the price high has started to cash out—trading volume has also shrunk along with it.

On the 1-hour timeframe, it’s still a bullish rebound structure, but the KDJ has already turned down from the high. The 15-minute timeframe’s pullback is even more obvious. In the short term, it will likely need to consolidate first and digest the overbought condition—making it tough to immediately continue making new highs.

For overhead resistance, watch the 65260 prior high—only a breakout can open up room to push toward 66000. For downside support, first hold the 64000 support—if it holds and the strong structure isn’t broken, the bullish setup remains intact; if it breaks, expect it to retreat back into range-bound action in the 63000 area.

In terms of trading: on the rebound, sell short in batches in the 65000-65200 zone, targeting 64200-64000;

On the pullback, if it retraces to 64000-63800 and stabilizes, look to go long, with a target of 64800. The market is moving fast—set your stop-loss and don’t blindly chase higher prices. $BTC