The market continues to decline, with Bitcoin falling below the 63,000 level, hitting a daily low of 62,376. The daily, 4-hour, and 1-hour charts all show a bearish alignment, indicating a clear medium-term downtrend. Although oversold conditions in the short term may trigger a technical rebound, the overall bearish trend remains dominant. Shorting (selling high) has a higher success rate, and it is recommended to wait for a price rebound to resistance levels before shorting or to short after breaking below key support; the risk of buying low for a rebound is very high, and it is only suitable for extremely limited quick trades.