From the current market situation, after a series of large daily candlesticks, the price has been experiencing small K-line weak rebounds and corrections, continuing the bearish trend. This is a common technical pattern; generally, after a big drop, the next day often continues downward, at least forming a new low. That means the break below 65,000 yesterday and the rebound today still suggest further decline. At the same time, we should also expect a strong rebound. The resistance level at 68,000 above is difficult to touch; if it is reached, it indicates that the market is not extremely weak, and it could easily enter a range-bound oscillation. Therefore, the ongoing suppression will likely lead to a direct fall below 65,000. The key question is how far this weak correction can continue, because ultimately, the decline is just a correction. Once the correction ends, the bullish trend will resume. The 4-hour chart shows consecutive downward candles with very weak momentum, and the rebound attempt is met with resistance, indicating further downside potential. Support at the moving averages around 65,500 should be watched for stabilization, and the previous low has now become a double bottom level. During midday, we can follow the trend and consider shorting on rebounds.