$BTC Evening Viewpoint:

Bitcoin failed to continue its upward move after a false breakout above 67,319, instead pulling back and breaking below the bearish flag pattern. Currently, the lower boundary of the bearish flag is acting as resistance. If it can regain inside the flag, it will continue to fluctuate and consolidate around the pattern. As long as it remains inside the flag and cannot break the recent high set by the morning spike, it won't be able to rally. If it stays within the flag and consolidates near the lower boundary without breaking the low indicated by the white arrow below, the decline won't accelerate. However, if it breaks below that low and makes a new lower low, it will test the support at 65,665.

Bitcoin can consider a short position based on the false breakout level at 67,000,
with a target around 66,000-65,600.

On the 4-hour chart, Bitcoin has been moving within a triangle convergence pattern, and is about to reach the end of this pattern. Once it reaches the end, a directional move will follow—either up or down. The answer will become clear at that point. To bounce back on the 4-hour timeframe, Bitcoin needs to break above the Fibonacci 61.8% level at 67,498. To continue downward, it must break below the Fibonacci 78.6% level. If it cannot go up or down decisively, it will continue to fluctuate within the 61.8%-78.6% range. Pay attention to volume changes.
$BTC