Yesterday’s Market Recap

BTC briefly surged to 64,500 but was immediately met with selling pressure. A heavy bearish candle with high volume pushed it down, breaking the critical Fibonacci 0.382 support near 63,800, with a low of 63,310. At this point, the suspense of multiple failed attempts to break 64,500 has finally been resolved: the bulls couldn’t hold their ground, and the bears have taken over. The daily chart continues to close bearish, with volume-price divergence still accumulating. 【Current Market Analysis】 BTC is currently weakly fluctuating in the 63,300-63,650 range, with lackluster rebounds. Simply put, after breaking the Fibonacci 0.382 level, the downside space has opened up. The next support to watch is the 0.5 level: 62,650. For those shorting, the current setup leans bearish, but the entry point isn’t optimal anymore—be cautious about chasing shorts. For those not in yet, watch for a rebound to around 63,800 for a better opportunity. 【Key Levels to Keep in Mind】 Upside: 63,800 has turned from support into resistance. Any rebound to this level is likely to face selling pressure again. Downside: 62,650 (Fibonacci 0.5 level) is the first major support. Below that, the next target is 61,505 (Fibonacci 0.618 level), which is a more realistic goal for this downtrend. 【Today’s Suggested Trading Strategy】 The bias is bearish, prioritize short positions. If you’re already holding shorts, stay patient—target 62,650 first, and if it breaks, aim for 61,505. If you haven’t entered yet, don’t rush to chase. Wait for a rebound to around 63,800 and look for rejection before entering for a safer play. Set your stop loss above 64,300. If 62,650 breaks, consider taking partial profits. 【One-Line Trading Wisdom】 Let signals drive your decisions, and trust the three dimensions. The market has already shown its hand with a high-volume breakdown: don’t hesitate, follow the signal. ☀️ Morning Express is on the move—wishing everyone successful trades!