Bitcoin is still trading in the zone between support and resistance. There might be a chance to get into a short-term long trade when the price is testing the support level near 61,200. The long-term trend remains bullish if you consider the 99-day moving average. Additionally, there is buying pressure forming in this area, as indicated by the oversold zone on the MACD. I believe that bulls might take over soon, leading to a short-term bull run towards the resistance level around 71,400.
I am trading price action, and I base my trading decisions on the support and resistance areas. Additionally, I trade with the trend, so momentum should be with me. I use moving averages and MACD to visualize the trend and balance with bulls and bears
Always remember to conduct your own research before trading. Markets are unpredictable, and no one can predict them flawlessly. Also, trade only with an amount you can afford to lose.