BTC price below $70,000 and has transitioned into a sustained downtrend on the four-hour timeframe. An important signal for the continuation of the correction, as mentioned in the daily review.
Targets:
- $69,790,
- $68,946,
- $68,102.
The third target is at the level of the ascending trend support since October 10.
In terms of volume levels - we have dropped exactly "one floor down," with the next support at $69,740. And today’s daily candle looks bad for the bulls. Not a classic "Evening Star," but so far the prospect of a bearish engulfing pattern of the last two days. Testing the next volume level at $69,000 looks like a matter of the near future.
