$BTC BTC shows a volatile upward trend. The current market remains in a narrow-range consolidation; after consecutive declines, the low has not made a new low. Selling pressure from the bears continues to be absorbed, market panic sentiment is gradually easing, and the post-oversold recovery window has already opened.

On the 4-hour timeframe, price rapidly probes lower; technical indicators have entered a deeply oversold range. Price is far deviated from the medium- and long-term moving averages, indicating a strong technical rebound demand. The medium- and long-term uptrend structure has not been fully broken; this pullback is a support retest and shakeout during the ongoing advance.

The key support at 63,000 is the point that determines the strength of bulls versus bears at this stage. As long as this support is not effectively broken, the larger-cycle range-bound bias remains bullish; only if it breaks will a deeper pullback follow.

The 15-minute K-line stabilizes and consolidates sideways at the lows; the downward momentum has clearly slowed. Selling pressure is gradually exhausting, and a small-timeframe bottom divergence pattern is being formed. Each time there is a slight dip, there is follow-through support, and the lows hold around 63,200.

3. Trading recommendations
Place long positions based on the 63,000–63,300 support zone, with the first target at 64,000.