Bitcoin is around 63,500-64,000, watching 62,500-62,000, with support at 64,500.

This early morning, it first moved around the low levels to stabilize, then a quick push up with a wall-structure, now the momentum is gradually weakening, with a slight pullback and oscillation downward.

On the hourly chart, the short-term moving averages have already turned upward, and the structure is resting on the moving averages, so the short-term is temporarily bullish;
But there are two nearby supports below, and if it rebounds to stabilize, it can maintain oscillation; above, there are two resistance levels, the higher it goes, the heavier the selling pressure.

The four-hour chart still shows a overall downward trend, having retraced a large segment before, now just a slight rebound after a sharp decline.

All the moving averages are stacked above the structure, having retraced too aggressively before, with indicators reaching severely oversold levels, now slowly bouncing back up, the downward momentum is weakening, but the bears lack real strength. #btc