The narrowing wedge formation structure continues to remain on the agenda on the four-hour Bitcoin chart. Bitcoin, which encountered selling pressure in the EMA 200 (red line) average after the last support theme, continues to trade below the EMA 9 (blue line) average with the selling pressure it encountered.

One of the most important support levels to watch on the Bitcoin chart is the $63,097 level. A four-hour bar closing below this level will cause increased selling pressure on the Bitcoin front. The most important resistance level to pay attention to is the EMA 200 average at $67,261. A four-hour bar close above this level will enable the Bitcoin price to gain momentum.