$BTC Market Analysis: The 4-hour chart shows a one-sided weakening, current price at 62,700, facing short-term resistance at 62,941, with strong support below at 61,431.

Indicators are all bearish: MACD double lines trending downward, green bars enlarging, bearish momentum continuously releasing; SKDJ K line at 20.5, D line at 19.5 entering oversold territory, indicating a short-term slight rebound correction is possible, but no reversal signals at all. The 24-hour decline exceeds 2.3%, with the high of 64,273 gradually moving downward, each rebound weaker than the last, clearly in a downtrend. $LAB

Resistance: first resistance at 62,940, strong resistance at 64,200; support: core defense at 61,430, breaking below directly targets 60,000, with the previous low at 59,111.
This is definitely not the start of a bull market; currently, it’s a deep correction in a high-level bear market.

Short-term: Oversold rebound betting, light positions for short-term longs aiming to take profit at 62,900 resistance; if the rebound does not break 63,000, go short directly, target 61,500, and add positions if broken, looking at 60,000.
Mid-term: Do not go long before stabilizing above 64,300; a true bull market requires a volume breakout above 66,000 with indicator golden cross resonance. Under the current downtrend, all rebounds are opportunities to short, strictly control positions, avoid full leverage betting on reversals.
Overall market remains weak under pressure, with only short-term recovery rebounds, no trend reversal, and complete absence of bull market signals. $HD