BTC Update
The price of the first cryptocurrency decreased. However, there is a positive dynamics, but only locally
On the timeframe of 4 hours, the price fell to the support level at ~$66,700. It reached it during yesterday's "shedding" in the market
The price started to bounce upwards from the mentioned support. A "bullish engulfment" candlestick pattern was formed, but it is on low volume. Thus, we can draw a horizontal "price channel" here
There is a pretty good chance that price will start to move up from the lower boundary of the channel. Most likely, this channel is transforming into a "bullish flag". To confirm it, we need a breakdown of the midline
