BTC closed on the daily timeframe above $62,500, continuing to maintain a bullish outlook.

This week’s market action has basically run within expectations: from a sustained bullish view that led to $65,500, the first test of resistance turned bearish, signaling a fill of the $62,800 gap; after the gap is filled, it’s again recommended to flip and go long. The current market rhythm is clear—rally, pullback, then another rebound—this kind of range structure is actually the easiest to trade.
As for whether the top has been reached, I still lean toward there being one final push higher. The true liquidity-dense zone is above 67,000–68,000; only a breakout of that area can effectively trigger stop-losses on bottom short positions, attract FOMO chasing capital, and make the subsequent dip more orderly. Therefore, as long as $62,500 is not effectively broken down, next week still looks like it will attempt another push higher.
From the daily structure, the mid-band has been tested 6 times repeatedly; the more times support is tested, the higher the probability of a breakdown. So the best course right now is not another pullback, but rather a direct surge after high-level consolidation. If the market probes down to new lows again, then the entire rhythm needs to be reassessed.
On the macro level, I’m keeping the original view: this year’s rate-hike expectations are still higher than rate-cut expectations; inflation and geopolitical risks have not yet faded, so the conditions to directly kick off a full bull market are not sufficient. Therefore, this move is more likely to be seen as a big rebound within a bear market, and the real big opportunity is still the subsequent dip after the rebound ends.
In terms of trading, I’m sticking with the old approach: above $62,500, maintain a bullish bias; if there’s a pullback around $64,000, you can still consider entering. Pay special attention to two key levels: 65,500 and 68,000. If a fake breakout appears near 68,000 afterward, it’s likely to be the bear market’s last midline short opportunity; if price holds steady above 68,000, then wait and watch, and wait for the market to give a new direction.