Here's a simplified version of the technical analysis:

- Grayscale, a big player, sold off 5,500 Bitcoins on Saturday night, creating selling pressure. This might lead to a short-term correction in the market. Grayscale's ongoing selling could keep the market from growing much in the short term.

- In Bitcoin's futures market, there are more people betting on prices going up than down. If the expected dip ends, it could be a good time to jump back into the market after Bitcoin's price stabilizes.

- Last night, the market went pretty much as expected, with Bitcoin struggling to stay above 66,000. Even after a drop, there's hope for a recovery.

- Looking at the bigger picture:

- On a daily basis, Bitcoin's strength is measured by staying above 66,000. The top pressure is around 68,000, while support is at 60,700. If Bitcoin stays above this support, the upward trend should continue.

- Over a 4-hour period, the recent drop seems to have stopped. The key points to watch are 66,000 and 68,000. If Bitcoin can't go up, it might stay in a range between 62,000 and 63,000.

- For shorter-term analysis, although there's been some pressure, if support around 63,300-63,000 holds, there's a chance for Bitcoin to bounce back. Pay attention to how it behaves around 62,000 if it drops below 63,000 without falling below the daily trendline. Overall, the trend is still upward.

This analysis helps traders understand the current market situation and make decisions based on price movements and support/resistance levels.