After rising in the morning, it met resistance and fell back under pressure. The rebound strength has gradually weakened. BTC surged toward the 64,250 area, but this rebound failed to break through the key resistance level at 64,800. Later, it printed a bearish candlestick with a long upper wick under continued pressure. The rebound high did not continue to push higher, and the bulls’ follow-through was weak. The resistance in the 63,500–64,800 range remains strong. This is a typical weak rebound after a decline and not a reversal signal. The bearish backdrop in the larger timeframe has not changed—this rebound is only a correction within the downtrend. In terms of trading, you should still mainly follow the trend and look for shorts on rallies.