BTC Afternoon Market View

BTC is currently consolidating and stabilizing around 63,000, after the market continued to fall and retrace to near the lower band of the Bollinger Bands. The support from the prior swing low below has shown clear reinforcement, and the bears’ downward momentum is gradually fading.

Although the price remains below all moving averages, the larger four-hour downtrend structure has not yet reversed. However, after a short-term oversold bounce, demand for a rebound is strong. The key support area below has been tested repeatedly, and selling pressure has already noticeably weakened—this brings an opportunity to set up a low-position “buy low and go long” plan.

Trading Suggestions:
BTC: Go long after the pullback holds in the 62,000–62,500 range. Target 63,800. If it breaks out, look for 64,700.
ETH: Enter a long on a dip in the 1,800–1,820 range. Target 1,860. If it breaks out, look for 1,940#BTC