In early trading on Sunday, the market ushered in a short-lived surge. Bitcoin once hit a high of 63546 and then pulled back under pressure. It is currently consolidating around the 62800 area. Not to be outdone, Ethereum sprinted to a new high of 2633 and then fell back slightly. The lowest point reached around 2581 and then stabilized.

Looking at the 4-hour level, Bitcoin failed to continue rising after experiencing a unilateral rise in the early stage. It hit a high of 64,000 and then entered the callback stage. The current pullback is not significant yet, but is actually part of the market recovery process. Every fluctuation in market conditions, whether rising or falling, requires a period of consolidation before starting a new journey, which is the so-called "exchanging time for space." In addition, in the overall trend, short forces also show strong counterattack potential. Therefore, it is recommended to remain cautious in operation and consider shorting when the market rebounds. Specific strategies need to be flexibly adjusted based on real-time market guidance.

Operation suggestions

Bitcoin can be directly short near 63500-63300 on Sunday afternoon, with the target focusing on 62000.

Ethereum 2600-2620 is empty, the target is 2550-2500

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