The 8-hour and 12-hour pullback targets that we saw on Friday night have been reached this morning. BTC has directly broken through 63,300 to 63,950. If it wants to continue to probe 64,600 and 65,000, it needs to step back to around 63,285 today. There are opportunities for both high and low shorts in the short term. The bulls are strong on Monday, and the chips for long positions can be slightly increased. The chips for short positions in the 6.4-6.5w area will be slightly increased.

In the morning, the community was at a climax again, and many people shouted 8w, 10w, 15w and even 20w. This wave of people is actually the same wave of people who saw 4w and 3w during the decline. The bulls are always in tears. A short-term rebound is a good thing, but it is not so optimistic for the time being. Whether 6.5w can stand firm is the first hurdle to break through 7.3w or above, and there is a long way to go. Without standing firm here, excessive fomo is easy to be knocked down by the large and rapid fluctuations in the short term.