After the big BTC price drop fell back below 63k, it failed to quickly reclaim it. Although in the short term it formed buying absorption, there are no signs of spot inflows, so there is a risk of further testing the previous low:

Thanks to the recent flurry of news, trading opened with a sharp crash on the first business day, and last week’s overall range was only about 5%. As a result, no specific medium-term structure has yet emerged, so there’s also no way to tell whether this rebound has topped out—neither the left nor right side has provided any clear signals;

If you treat it from a local perspective, with price staying weak below 63, you’ll need to look again for demand in the 61–62 range. For short-term entry points, watch around 60.8/61.4k, then see whether the rebound can once again reclaim 63. This level is the long/short dividing line within the ongoing consolidation range; once it holds, look for a test of 66k.