Yesterday, BTC kept being stubbornly bearish—continuing to slide down in a double blow, breaking without looking back toward 62,000, directly heading for the expected target. The plan also serves as a reminder: as long as 65,000 is not broken, look to enter/hold shorts. For this leg of shorts around the 64,000 area, the outlook is still relatively optimistic.

From the current perspective, Bitcoin’s technicals in the short term are dominated by a bearish bias. On the daily chart, it shows a bearish alignment, and on the four-hour timeframe it has also formed a head-and-shoulders pattern. After this drop to around 62,000, price has entered a consolidation phase. While there is still some need for a rebound in the short term, the rebound strength is weaker. At this time, pay attention to taking/holding shorts via entries around 63,000–63,500. Although the market is currently in a standoff around a critical support level, the 62,000 area still needs close monitoring: if it holds, there is still hope to build a bottom in the short term; once it breaks, it will test the 60,500–60,000 level.