The article highlights that Bitcoin's rejection at $66K and the break below the 200-day moving average indicate that bearish sentiment is gaining strength. If the price fails to hold the $60K support, there is a likelihood of a mid-term decline towards the $52K-$55K zone. The presence of substantial selling pressure near the $66K resistance level suggests that it remains a formidable barrier. The Bitcoin Coinbase Premium Index shows negative values, indicating a bearish sentiment in the market. While the market is still within a descending trend channel, both accumulation and selling pressure seem to be tapering off, suggesting a period of market indecision. Short-term trading during this time is deemed risky due to the lack of a clear trend.



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