1009BitcoinTechnical AnalysisDaily:

After a strong bullish reaction over the weekend, BTC is retesting the supply zone between $63,300 and $64,400, with a retracement due to insufficient liquidity. BTC has failed to close above $63,000 in the past 24 hours and is currently facing resistance near the position above the 100EMA level.
     Before the decline, BTC attempted to break through the upper limit area of $64000, but failed to mark the support level. The resistance level of $62500-62800 does not allow it to break through; The lack of Liquidity has resulted in chaotic price movements, ultimately depending on which direction traders shift their focus, especially paying attention to the short-term appearance of large orders, as they may become the catalyst.
     The current PA is sending 'mixed signals' and may enter an accumulation phase around $60,000; according to the Fibonacci indicator, the latest support level is at $61,400, and if it successfully breaks through, there is a high probability of forming a double bottom structure, with BTC touching $60,000; this coincides with the Whale successfully arbitraging away at $63,800.
Summary: In the short term, the trend continues to decline, and 'Buy the Dips' is the main theme.