Currently, Bitcoin has risen back to around 62,800, entering a correction phase after the decline. The rapid pullback near the lower Bollinger Band indicates that the short-term bearish momentum has been fully released, and buying funds are starting to enter the market. The Bollinger Bands are generally opening downward, but the lower band has flattened, suggesting that the downward trend is slowing down and the rebound space is opening up. The current price is just one step away from the middle Bollinger Band at 63,079, making the primary target for the rebound clear. The support levels below are near the lower Bollinger Band at 62,587 and the intraday low of 62,457, which are key support levels for this rebound; holding these levels will keep the rebound structure intact. The resistance levels above are near the middle Bollinger Band at 63,079 and the previous decline platform at around 63,300, which are the primary challenge targets for the short-term rebound.

Currently, Bitcoin on the 15-minute chart is in a low-level stabilization and rebound phase after the decline. The price is supported above the lower Bollinger Band, the KDJ indicator has turned upward from the oversold zone, and the downward momentum is exhausted, indicating that the short-term bullish momentum is being released. As long as the support near 62,587 can be maintained, the price is likely to continue challenging the resistance near the middle Bollinger Band and extend the rebound correction.