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Bitcoin continues to fall sharply on the daily chart, with MACD spreading downward and bearish momentum still being released.
The first short-term key level is 65000. Only if it holds without making a new low, accompanied by shrinking volume and a long lower wick, can an oversold rebound occur; a high-volume break below would invalidate support outright.
Strong daily support lies at 62000–63000, a dense accumulation zone where buyers may step in and a key area to watch for stabilization this cycle.
Watch for these signals before calling a bottom: no more consecutive new lows, gradually declining volume on the way down, a bullish divergence on a lower timeframe, and panic fully easing.
This is still a major downtrend, so don’t rush to call a bottom or buy the dip. Treat any rebound first as a weak recovery. $BTC