BTC surges higher but faces resistance and then pulls back; for the short term, continue with long positions.



On the daily timeframe, BTC touched the 65,500 area and met resistance, then pulled back. Technical indicators have started to turn downward, but the Bollinger Bands continue to open upward.

On the 4-hour timeframe, prices have been ranging and pulling back. The price has fallen below the middle band. The KDJ has entered the oversold region, so it’s not advisable to blindly chase shorts; watch for a rebound.

On the 1-hour timeframe, prices continue to pull back. Don’t chase longs at the highs, and don’t chase shorts at the lows. For the short term, you can participate by going long on dips.

Entry opportunity: go long around 63,000, targeting the 64,000–65,500 area.
BTC-1.73%
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