The morning Bitcoin price is showing a range-bound consolidation, with narrowing volatility, mainly trading between 68,100 and 69,100. Previously placed long orders around 68,500 were successfully closed with a 600-point profit, confirming the effectiveness of support at lower levels.

From a technical perspective, the price repeatedly retested below 68,500 but was quickly recovered, indicating strong buying interest in this zone. The hourly candlestick chart shows a consolidation pattern with lower shadow lines, suggesting gradual accumulation of buy orders at lower levels. Currently, the price remains stable around 68,700, with short-term moving averages beginning to converge and flatten, showing signs of an upward divergence. The MACD indicator has formed a golden cross below the zero line, with bearish momentum decreasing, and volume structure gradually shifting toward bullish.

Overall, the morning consolidation can be seen as a secondary confirmation of the recent low point. The market's center of gravity has not shifted downward, and the consolidation structure remains relatively strong. The support zone around 68,500-68,600 has formed a short-term support band. As long as this area holds, the rebound pattern will continue. Trading-wise, it is advisable to rely on the 68,600-68,700 range for upward moves, with initial focus on breaking through 69,100. Once stabilized, there is potential to further test the 69,500 level.