After the weekend adjustment, Bitcoin technical analysis shows a weak and choppy consolidation pattern. The upward push is lackluster, but there is temporary support below as well. Overall, price is still consolidating within the range. On the four-hour chart, price is trading in a box-shaped range, and the moving averages are arranged in a bearish alignment. At present, it is still consolidating within the range. Watch for the need for a breakout higher followed by a pullback to complete the correction. In the short term, pay attention to the strong resistance above around 64,500-65,000; if it has not been broken, you may consider opening a short. On the downside, around 63,800-63,000; once the support breaks, you can follow through and look further down.

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