Previously, when BTC hit the 65,500 high, it remained bearish in line with the trend. This round of downside movement fully matches the forecast: after the market probed down to the 62,505 low point, it briefly paused, then formed a wave of corrective rebound. Currently, the market is consolidating around the 64,000 level.

From the current order book picture, on the 4-hour timeframe, price has completed an oversold rebound by leaning on the lower Bollinger Band. At this stage, price is trading under the Bollinger middle band and facing pressure. The 64,300 area has become the key near-term resistance. The bullish rebound momentum continues to exhaust, and after the market is under pressure, there is still room for a further pullback downward.

The 1-hour Bollinger channel continues to narrow and tighten, and the market as a whole is trapped in a choppy range of 62,866—64,508. This small uptick is merely a technical correction after the big drop, not a reversal of the bullish trend. In the short term, bullish momentum is severely insufficient. Judging from the overall market structure, the core outlook for the future remains unchanged: rebounds under pressure should still be the priority for setting up high-altitude (sell) positions.

BTC: sell short on rebounds near 64,300-64,800, looking down at 62,500-61,000
ETH: sell short on rebounds near 1,860-1,890, looking down at 1,800-1,730#PreIPOs第二期OpenAI认购 $BTC ‌$ETH