According to CoinMeta, the price of Bitcoin rose by nearly 2% on August 17, returning to $64,000, and the current trading price is around $64,154. This rebound occurred after Bitcoin's intraday low of $62,751, breaking through the 63,152 dollar level, which represents a 78.6% Fibonacci retracement level. Despite the rebound, the daily chart has not yet confirmed a broader bullish reversal. The MACD indicator remains below the signal line, indicating that the bearish momentum from recent declines has not completely dissipated. According to data from Glassnode, Bitcoin's implied volatility has dropped to a historical low of 2%, while the Chaikin money flow indicator has risen to 0.24 on the 4-hour chart, suggesting increased short-term buying pressure. If the price remains above $63,774, attention will continue to be focused on the resistance range between $64,700 and $65,000.