The Middle East situation is escalating, and due to risk-aversion sentiment, there's a rebound. Combined with the previous day's doji candlestick, the three candlesticks form a bullish Morning Star pattern. Adding the false breakdown of the 60K support level confirmation, this is a clear signal of a bottom. $BTC short-term first resistance at 65K; hourly chart shows a clear bottoming signal. However, the weekly chart is still in a continuous downtrend with no clear bottom yet. Last week's weekly chart showed a high-volume drop, which hints at a potential high-volume bottoming possibility. We'll need to keep monitoring the weekly performance this week and next. Based on the 4-hour bullish engulfing pattern signaling a bottom, the outlook is bullish. Focus on tracking the rebound momentum and the breakthrough of upper resistance. As long as the 4-hour bullish candlestick support at 61.2K remains intact, avoid shorting.