The current market is choppy and fluctuating in a sideways range. The larger timeframe is still in a bearish trend. 63500 is short-term strong resistance and also a turning point. If, in the short term, it cannot break above and stabilize, then it can be regarded as a technical rebound. Once the energy is exhausted, it will inevitably fall back to pull back and readjust!



So in the short term, you can rely on the 63500 resistance to sell short when prices rally and look for a pullback. Downside target: 62000. If it breaks, watch 61000-60200.
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ApeWithHomework
· 4h ago
The bearish trend is fine, but it's hard to say how long the rebound energy can last. Keep an eye on the volume.
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GasFeesAfterTheRain
· 7h ago
This analysis is too technical; news is flying everywhere, and just looking at candlestick charts can easily backfire.
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BlocktimeBarista
· 7h ago
The 63500 level is indeed torturous; every time it goes up, it gets knocked down.
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GovernanceVoting
· 7h ago
62000 first reached, I reduce position, then consider adding at 61000.
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