Bitcoin (BTCUSD) rose in its latest intraday trading after reaching our morning target at the $68,000 support level, gaining some positive momentum in an attempt to recover part of its previous losses. At the same time, the price is attempting to ease some of its clearly oversold conditions on the relative strength indicators, amid emerging positive signals from the indicator. However, the main short-term bearish trend remains dominant, with the price moving alongside a minor trend line that supports this path and maintains the negative pressure, warning of further declines in the near term.