Bitcoin has been declining since the start of the week, with the $62,700 level initially holding as support on two 4-hour closes.
However, we're now trading below this mark. We'll need to see if this level can be reclaimed by the end of the current 4-hour close. If not, a drop to around $61,800, the daily value area high (VAH), seems likely. The range for Monday is between $62,600 and $64,400, and we've managed some successful scalps during the recent weakness. I'm prepared to wait for further confirmation before deciding on the next move.
