$BTC

In the near term, the overall market has remained range-bound and consolidating between 62,000—65,000. Compared with the earlier panic sell-off, market sentiment has gradually recovered and warmed up, but long/short competition within the market remains intense.

Currently holding above the 63,000 level, short-term funds have returned in a slight way. The market focus is mainly driven by changes in ETF capital flows and shifts in macro expectations. On the daily timeframe, a phased stop-loss/reversal structure has been completed. The 63,000 area is gradually being solidified as the core short-term support.

Looking ahead, the direction is clearer: a valid breakout above the 65,000 resistance will further probe the 68,000 area; if 62,000 support is lost, it will most likely retest the 60,000 key level again.

Trading: short in the 64,600-65,000 range, target: 62,000-61,500