The Asian-session spot is being continuously sold off, and the price naturally starts to retrace. Overall, it’s still ranging—an exhausting market to trade. Here, you need to see how the structure evolves: liquidity has been building up overhead, waiting to be liquidated.

The current downside long entries to watch are a few levels below 63k (on the 1-hour timeframe). Price tags this rebound area, forming a 1h “three buys.” In the end, that push is used to finish that 4h overall rebound leg. For defense, it naturally sits near the previous swing low around 61.8k. You can use a tight stop to short one position first; if it breaks down, that means the structural uptrend has ended.

The overall idea is to bottom-fish in the 628/623 range.
Ethereum is also around 1830/1810.
Up ahead, watch the final highs at 650–665.