Bitcoin continued its overall weak consolidation pattern yesterday: in the morning, it fluctuated narrowly around $61,800; in the afternoon, it dipped to a low of $60,694 before finding support and rebounding; during the evening session, during the US stock market hours, it surged to nearly $62,800 but failed to stabilize and quickly retreated, returning to around $61,200 by the early morning.

From a technical perspective, the 4-hour chart shows a repeated tug-of-war pattern of "bottoming out and rebounding, then pushing higher and falling back," with the price still moving between the lower and middle bands of the Bollinger Bands; the middle band (around $62,500) continues to act as an intraday resistance.
The short-term moving averages MA7/30 are converging and entangled in the $61,500-$62,200 range, with an unclear direction.
The MACD lines are below the zero axis, with a dead cross converging, and the green histogram bars indicate a slight reduction in bearish momentum, showing that the bears' strength has weakened somewhat, but the bulls have not yet gained control.
The RSI hovers around 40, remaining in a weak zone.
In terms of volume, there was no significant increase during the rebound, and no panic selling during the decline, indicating market sentiment remains cautious.
Resistance above continues to focus on the $62,500-$62,800 range, which needs to see increased volume and stabilization before an upward move can be confirmed.
Support below is at $60,600-$60,800; if this level is broken again, the bears will test the key $60,000 level.
Overall, Bitcoin is in a low-range weak recovery stage, likely to continue consolidating sideways in the short term, with trading strategies mainly focusing on buying the dips or observing. #Gate直通IPO认购SpaceX