From the daily chart, after experiencing the rise brought by the interest rate cut, Bitcoin is now approaching the MA120 daily moving average (about 62,500 pressure level). The key to the strength of the overall market lies in whether the 60,300 to 62,500 range can be effectively broken through. If Bitcoin continues to remain strong, it is expected to rise further in the short term and challenge the previous high range of 64,000 to 65,000. At the same time, this range is also the suppression level of the weekly MA30 daily moving average. If there is a pullback and falls below the 60,000 mark, the positive push for the rise in the short term may come to an end, and the market may enter a pullback phase. In short-term trading, focus on the breakout of this range.
