Bitcoin continued to be dominated by the bears yesterday, quickly dropping from 65,800 to a new low of 61,300. After a midday rebound to 64,700, it faced resistance again, retesting 62,200 for support. In the evening session, it surged to 64,400 before falling back, currently consolidating around 63,000 with decreasing volume. The 4-hour chart shows a "rapid decline—weak rebound—second retest" converging structure, with lower lows and decreasing rebound highs. The Bollinger middle band has moved down to 64,800. The MACD shows a weak golden cross momentum, RSI remains in the weak zone around 40, indicating the bearish trend remains unchanged. Support levels are at 62,200-61,300, with a break below targeting 60,000; resistance is at 64,400-64,800. In terms of strategy, maintain short positions on rebounds, avoid bottom-fishing until volume confirms a steady above 65,000, and short-term traders can buy low and sell high within the 63,000-64,800 range.