Bitcoin is around 68,500-69,000; watch the 67,000 level first.

This morning, Bitcoin reached a high of 68,600. The monthly K-line has finally ended five consecutive months of gains, but this does not necessarily mean a true bull reversal.

From a technical perspective on the daily chart, all major moving averages are above the current price, showing a typical bearish alignment. Seller pressure has eased, but buy signals that could lead to a trend reversal are still not sufficient. So there's no need to say more; the focus remains on consolidation.