With the official price dropping below the important support level of 0.690, this is opening up price prospects. The overall picture of BTC at the moment is quite negative as U.S. stocks have officially declined.

Therefore, even though $BTC is currently showing signs of accumulation within a narrow range after breaking down past the most recent price bottom of $67,600 - this is seen as a sign that BTC could easily recover in the short term as the price has not been able to drop deeper after breaking support.

However, as mentioned above, the outlook for risky assets is extremely negative. So if BTC records a recovery today, it is expected to struggle to surpass the threshold of $68,500 (SMA200 H1) - one could short around this price level with STP at $69,100. In the case that $BTC continues to decline currently and loses the $65,000 mark, the price will quickly drop to the basin of

$63,676 then reassess. Regarding the current price action (around $66,300 at the time of analysis)

it cannot trigger a trading position.