$BTC
BTC
68,500
+1.23%
Bitcoin continues to experience strong downward pressure on the four-hour chart, with sellers maintaining control below several critical technical thresholds. The price remains significantly below the Ichimoku cloud, confirming a sustained bearish structure.
The chart shows lower highs and lower lows, and repeated failures near short-term averages reinforce weakening bullish attempts. Therefore, traders remain cautious as Bitcoin trades near the $71,700 area, seeking short-term stability.