BTC stabilized temporarily around 63,800 last night and has now moved back to around 64,200.
The 15-minute and 1-hour indicators are in the process of repair. Short-term active buying has improved, but the price has not truly settled above 64,250, and the 4-hour trend has not fully stopped falling yet. Therefore, I believe we are currently in a post-oversold correction phase, and we cannot confirm a trend reversal.
Next, focus on two key levels:
Holding above 64,250: an initial confirmation that the sell-off has been halted;
Breaking above and holding 64,500: only then could the rebound potentially upgrade further.
If it falls below 63,800 again, the logic behind this sell-off-halt would fail. At this stage, I lean toward cautiously watching for a rebound, but it’s not suitable to chase higher while price is still below the resistance zone.
The 15-minute and 1-hour indicators are in the process of repair. Short-term active buying has improved, but the price has not truly settled above 64,250, and the 4-hour trend has not fully stopped falling yet. Therefore, I believe we are currently in a post-oversold correction phase, and we cannot confirm a trend reversal.
Next, focus on two key levels:
Holding above 64,250: an initial confirmation that the sell-off has been halted;
Breaking above and holding 64,500: only then could the rebound potentially upgrade further.
If it falls below 63,800 again, the logic behind this sell-off-halt would fail. At this stage, I lean toward cautiously watching for a rebound, but it’s not suitable to chase higher while price is still below the resistance zone.