BTC remains bullish in the short term, with the rebound target seen up at 67,000.

Yesterday, near 64,000, I once again flagged a low-price long; the high already touched 65,770, and the timing was basically spot on. Since the drop from 83,000, I’ve been watching the key level at 57,500. I expected that once the test is in place, it would most likely trigger a substantial rebound, so I decisively bottom-picked around 58,000 and held longs all the way to 65,500. Last week, near 65,000, I shorted and looked back to 62,800, then gradually re-entered long positions in batches at 62,800 and 64,000. Overall, both the larger direction and the short-term rhythm matched expectations.

I think the core of the analysis isn’t predicting every single K-line, but mapping out key levels in advance and how they might evolve. Half a month ago, I already marked two nodes: 65,500 and 68,000. The current market is still in a channel of high-level range-bound upward movement, and it has also reclaimed the 60-day moving average on the daily chart, so bulls still hold the upper hand.

Next, I hope price continues higher to test 67,000—first to clean up the prior high’s short-side liquidity. After the liquidity above is exhausted, then we can watch the 55,000-50,000 area below. If the market pulls back into that range again in the future, it will be a very worthy opportunity to focus on spot positioning. As for whether, after breaking 67,000, it will directly reverse, it’s still hard to conclude; but 68,000 is the most important observation level. As long as a fake breakout shows up there and it’s accompanied by bearish signals on a smaller timeframe, mid-term short positions can be considered. Until the signals appear, there’s no need to guess the top early.

In the short term, price is still slowly climbing along the channel. While this pace isn’t explosive, it’s more stable. What truly needs vigilance is a sudden, strong acceleration with a big bullish candle—because rapid rallies easily over-consume buy-side demand, and afterward it often comes with exhaustion.

At present, above 63,700 I remain bullish, focusing on the 66,000-67,000 zone. Those holding longs can continue holding and set protection; those with no position should watch for low-entry opportunities around 64,400. However, the closer you get to 67,000-68,000, the less it’s advisable to chase blindly—this area may gradually move into a phase of a top. Building a top won’t happen in a single step; it will most likely repeatedly spike up, then trade sideways, and finally complete one last dip. That’s when the real opportunity to consider large-amount spot allocation arrives. #夏日创作营