BTC 1-hour:

The market experienced another failed test at 65,000 yesterday and is currently undergoing a certain adjustment with a slight rebound. Despite today's halving, Bitcoin's volatility remains small and is not expected to immediately affect the market trend. However, from a medium to long-term perspective, it is expected that Bitcoin will continue to rise steadily.

Although there is positive news from the halving, Bitcoin remains cautious due to weakened expectations of interest rate cuts and instability in the Middle East. However, the overall trend is still upward in the medium to long term, with increased volatility expected in the short term.

The first resistance level for the day is around 63,800, with the second resistance level at 64,270. Since the first resistance level is close to the previous high on the 4-hour chart, a short-term rebound can be expected if the price breaks through the first resistance level. As the market continues to retest the upper resistance, today's focus should be on 63,800, which is also an important resistance level.

The first support level for the day is around 63,450, with the second support level at 63,000. If the market falls below the first support level, it will open up a bearish trend towards 63,000, with the 60MA and 120MA moving averages on the 1-hour chart acting as support.

As today is the weekend, it is expected that the market will remain range-bound, and traders can focus on short-term trading strategies within the range. As the current price is moving within an ascending channel, as long as it does not fall below the bottom of the channel, the view of a rebound will be maintained.

4.20 Shiyechen's Short-term Pre-buried Orders:

BTC:

Long position first entry reference: 36,450, second entry reference 63,000, target 63,800-64,200

Short position first entry reference: 63,800, second entry reference 64,270, target 63,450-63,000

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