This weekend brought Bitcoin back to the awkward range of 68-67k
It should be a correction for Friday's inexplicable drop
What we can see now is that through two days of candlestick fluctuations, the lower band of the four-hour Bollinger Bands has been repaired upwards
As we approach the end of the month, we are more concerned about how long the 68-66 range can hold in the short term rather than if Bitcoin will test a new range
The weekly chart has formed a long lower shadow bearish candlestick, indicating that further decline is expected at the beginning of this week, with short-term pressure still at the 685 position
My understanding of the market is that at the beginning of the week, there will be a gradual decline, continuously creating higher points that move down within the 68-66 range, followed by a decisive drop from Wednesday to Thursday, ultimately leading to the monthly closing price returning to around 65k
The forecast for Friday's non-farm payroll data is likely to be revised, and this unreasonable large expectation for positive outcomes is not worth considering, especially with next week's election results
In the recent market, I believe it will first drop, then after the data and the election, it will pull back to around 68k. This is my assessment for this week.