Is Bitcoin experiencing a secondary bottoming or is the bear market launching a new offensive?

From the market structure, I lean more towards the latter — bearish forces are making a comeback.
First, there is no clear sign of a bottoming near 62,000; there has been no volume surge in the rebound, nor has a strong lower shadow been formed, which does not conform to a typical secondary bottom pattern.

Second, this area is a weak technical support level, lacking sufficient chip turnover and structural confirmation, with noticeably weak buying support.
Furthermore, from a long-term perspective, the price has broken below the consolidation zone built in previous weeks, disrupting the previous oscillation pattern, and the trend balance has tilted towards the downside.

Overall, the current position is not a safe time to bottom fish.
In a bear market, the most dangerous thing is not the continuous decline of the market, but the illusion that "it's almost over."