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Bitcoin briefly touched above 68,000 last night before quickly pulling back. On the one-hour chart, it also formed a TD13 at the top. In the early morning, the price retraced all the way down and is now trading around 67,000. Currently, on the hourly chart, after a round of correction, the price broke below the middle band of the Bollinger Bands, indicating a shift from support to resistance. The middle band now acts as a technical resistance level. On the four-hour chart, the overall trend remains weak. If the price cannot hold above 68,000 today, there is still a need for further downward correction.
Bitcoin reference: Short at 67,200, target 64,800, stop 1,300 points, #BTC #ETH