BTC daily large cycle has been weakening since the high of 82,000. The current price of 61,933 is hovering around the middle Bollinger Band of 61,858. Rebound momentum is declining; KDJ has entered the overbought zone, with the J-line turning down, indicating strong short-term pullback demand. The 4-hour level has broken below the middle Bollinger Band of 63,110. MACD death cross with bearish momentum expanding. Although KDJ is deeply oversold and there is a minor technical bounce, the overall bearish trend is clear—any rebound is an opportunity to short.