Bitcoin continued its volatile decline yesterday, dropping from 63,700 to a low of 61,500 before rebounding slightly to consolidate around 62,200. The 4-hour chart shows a bearish arrangement with successively lower highs (64,200 → 63,700 → 63,000) and lower lows (62,500 → 61,500). Price has broken below the MA60 and MA120 mid-term moving averages, with the MACD forming a death cross below the zero line and the green bars expanding. RSI has fallen to 35 in the weak zone, indicating a complete bearish structure. Upside resistance is at 62,500-62,800 (previous support turned resistance), while downside support is at 61,500-61,800. A break below would target 60,500-61,000. Until a volume-driven recovery above 62,800, maintain the strategy of selling on rebounds.