Quick Commentary on Bitcoin's Current Market

Some key signals right now: 1. 62,000-62,400 is the current testing zone. If we see upper wicks or solid red candles → short signal; if it breaks out with volume → short-term bullish bias. 2. 61,850 has been stabilized, but stabilization doesn’t mean a breakout. There’s a stack of ETF sell orders above 62,000, and the bears have set up solid defenses. 3. The whale buying 270,000 $BTC at 59K is a historic signal, but it doesn’t mean an immediate pump. If it were truly the absolute bottom, the price would’ve already surged. My core judgment: Bitcoin has rebounded from 57,735 to 61,850 and has stabilized above 61,500. It’s now testing the key resistance zone of 62,000-62,400. The upper wick at 62,200 was the first warning, showing that bears have set up artillery at 62K. If it breaks out with volume above 62,400, short-term targets are 64-65K. If it gets rejected, expect a pullback to retest 60,000-60,500. Action principles: 1) At this price level, it’s neither here nor there. 62,000-62,400 is the upper boundary of the testing zone—let the price make a move before taking action. 2) Both bulls and bears are showing weak volume, with bulls slightly stronger. Until the direction is clear, making random moves is just giving away money. 3) Staying on the sidelines isn’t cowardice—it’s waiting for the test to begin. Let 62,000 show its results first. Wait for confirmation from a breakout candle with volume before making a move.