K-line chart and BTC current technical analysis
 

From the 4-hour chart, after a sharp drop, the BTC price has formed a short-term support in the 60,000-61,000 area. The current price is around 62,000, and there are signs of shock consolidation in the short term.
 

The trend of the MA moving averages (5, 10, 30) shows that the price is still under short-selling pressure, but in the short term the price is trying to stabilize above 62,000, which indicates that the bullish force is gradually returning.
Yesterday, the BTC price hit a low of 59,800, and then quickly rebounded and tested the pressure level of 62,500. The price has now stabilized at around 62,000. If the price continues to maintain this level, bulls are expected to exert further strength.