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Bitcoin continues to form a full-fledged downtrend.
We continue to expect a decline with a target of $57,500 (the 61.8% Fibonacci level from the three-year uptrend), and there are still no signs of the start of an uptrend.
The last 'bearish' FVG pattern was formed in the area of $68,000 – $70,700, so this area acts as a POI area for short positions in the coming weeks.
On the 4-hour TF, Bitcoin may get a reaction to the last 'bearish' FVG, which will give traders another signal to sell.