Bitcoin is attempting to stabilize around $66,000 after a recent selloff, but remains in a bearish phase. The cryptocurrency is trading below its 100-day and 200-day moving averages, indicating a continued downward trend. A key resistance level is at $68,000, and a breakout above this could lead to a push towards $73,000. However, failure to break this level may result in further declines, with support zones at $60,000 and potentially as low as $50,000. On the 4-hour chart, Bitcoin is forming a symmetrical triangle, suggesting a potential decisive move. A break above $68,000 could signal a bullish reversal, while a downside break might accelerate losses. Open interest has declined, indicating forced deleveraging, but a rise in open interest with a price hold above $62,500 could support a rally. Conversely, if open interest increases without a price breakout, another liquidation wave may occur.