$BTC Rebounded from around 63,200 to 63,500, but the weak structure has not changed yet.
Key levels at present:
Resistance zone: 63,750—64,000
Confirmation to turn strong: 64,200
Short-term support: 63,250
Core support: 63,000—62,800
If price can regain and hold above 63,750, the rebound targets 64,000—64,200; after withdrawing from 64,200, then look toward 64,800.
If the rebound fails near 63,750 and breaks back below 63,250, then continue to watch 63,000—62,800 to the downside.
63,500 sits right between resistance and support, so the risk-reward ratio for chasing either longs or shorts is not ideal.
Wait for price to reach the key levels, then judge the direction of the next leg.
Key levels at present:
Resistance zone: 63,750—64,000
Confirmation to turn strong: 64,200
Short-term support: 63,250
Core support: 63,000—62,800
If price can regain and hold above 63,750, the rebound targets 64,000—64,200; after withdrawing from 64,200, then look toward 64,800.
If the rebound fails near 63,750 and breaks back below 63,250, then continue to watch 63,000—62,800 to the downside.
63,500 sits right between resistance and support, so the risk-reward ratio for chasing either longs or shorts is not ideal.
Wait for price to reach the key levels, then judge the direction of the next leg.
