Bitcoin began oscillating and falling from the previous day’s high of $64,870. After dipping to around $62,600 in the afternoon session, it rebounded slightly to around the $63,300 area. In the evening session, influenced by US stock moves, it fell again to around $62,500. In the early-morning hours, bulls gained momentum and pushed it up to around $64,300. It is currently consolidating around $64,000.

The overall price action shows a tug-of-war pattern of “bottoming out and rebounding, but running into resistance at highs.” Both bulls and bears repeatedly battle over key zones. From a technical perspective, on the 4-hour chart, after the price touched around $62,600 it rebounded quickly, suggesting strong buy-side support and follow-through at that level. However, after rebounding to around the $64,300 area in the early morning, it failed to break further above the previous day’s high of $64,870; sell pressure overhead remains significant.

The Bollinger Band midline is near $63,800. The current price is already above the midline, which is mildly bullish in the short term, but the upper band zone around $64,800–$65,000 acts as key resistance. The MACD fast and slow lines are stuck near the zero axis; the green histogram has turned red but the momentum is weak, leaving bulls and bears temporarily balanced. RSI is hovering around 55, staying in a neutral range.

As the weekend approaches, liquidity will gradually thin out, and the market’s room for volatility is limited. Overhead resistance to watch is $64,800–$65,000; an effective breakout with increased volume is needed to open upward space. Support to watch is $62,500–$62,600; if that level is lost again, price could potentially revisit the $62,000 psychological level.

For trading, you can look to sell at the top and buy at the bottom within the $63,500–$64,500 range, and pay attention to whether the early-morning rebound high can be broken. Weekend liquidity is relatively weak, so it’s advisable to participate with light exposure and wait for clearer macro signals next week.