The market has been a bit strange these past couple of days. After bottoming out on the daily chart, it's been undergoing a cleansing process, with weak consolidation throughout the afternoon. Bitcoin has returned to the 66,000 level. Last night, after completing the correction, it gained 600 points and then pulled back. Currently, it shows potential for continued positioning. Short-term trading for quick gains.



From a technical perspective, the monthly chart has returned to its starting point. The beginning of the month was still relatively strong. Currently, the four-hour Bollinger Bands are narrowing, and the consolidation range is tightening. However, the opening is upward, and the afternoon pullback did not break support. It still has room to move higher.

Bitcoin trading suggestion: look for upward movement around 66,500.
Pay attention to support near 65,800 and resistance around 68,000. If it stabilizes above 68,000, the outlook can be more optimistic; otherwise, consider exiting and observing.
BTC-0.53%
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