Bitcoin yesterday morning oscillated from 62,400 up to 63,500, but in the afternoon failed to continue the rally, instead consolidating around 62,500 in a narrow range; during the evening session, there was a false upward move, followed by a sharp reversal downward, with the lowest touching 60,760, hitting a near one-week low. Although it rebounded to 62,200 afterward, it faced resistance again and fell back, currently trading weakly around 61,600. From the 4-hour chart, the price formed a bearish arrangement of “lower highs (64,200→63,500→62,200)” and “lower lows (62,500→60,760).” The sharp decline in the evening session broke through the short-term support levels at 62,500-62,000 with a large bearish candlestick, followed by a rebound with a very small real body and prominent upper shadow, typical of a technical rebound after a breakdown rather than a trend reversal. The Bollinger Bands are expanding downward again, with the middle band pressing down toward 63,000; the MACD fast and slow lines crossed below zero, with the green histogram expanding again; the RSI fell back to around 35, indicating insufficient momentum for a rebound. Key levels: support below at 60,760 (yesterday’s low). If a volume-driven break occurs, the bearish target points to 60,000-59,500; resistance above at 62,200-62,500 (breakout platform and 4-hour MA5 resistance), with strong resistance at 63,500. In terms of trading strategy, until the price stabilizes above 62,500 with volume, maintain the main idea of shorting on rebounds, watch for resistance around 61,500-61,800, strictly control position sizes, and guard against a second bottom risk. #Gate直通IPO认购SpaceX