Bitcoin's first momentum launch failed, holding at $62300 to $62500 to maintain sideways trend

The blockchain analysis platform Swissblock stated that Bitcoin's first momentum launch failed, and momentum indicators have returned to the transition zone. As long as Bitcoin stays within the range of $62300 to $62500, the current trend can still maintain a sideways consolidation. If it falls below this region, Bitcoin will break away from its current consolidation structure and face the risk of falling back to the surrender phase.