Bitcoin (BTC) rose strongly after consolidating at a low level overnight and is currently in a high consolidation stage. Although the daily and weekly lines maintain an upward trend, the short-term rhythm has slowed down. The upper resistance is still strong and there is a risk of a decline.

The 4-hour chart shows 6 consecutive positive lines, but the strength is not strong. The previous high of 64,000 has not been broken, and the market has not yet further recovered the high point. The chronic downward trend may continue in the future. It is recommended to adopt a high-altitude thinking operation to avoid blindly following the trend.

Operation suggestions:

Bitcoin: short near the 63,800-64,000 range, target 62,800-63,000, and stop loss set at 500 points.

Ethereum (ETH): synchronize Bitcoin operations, stop loss range is 30-35 points.

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