Bitcoin is under pressure as it struggles to regain bullish momentum, trading around $67,000 after a recent 3% drop. Analysts, including trader Skew, indicate that Bitcoin needs to establish a new high above $69,000 by midweek to demonstrate market strength. Short-term support levels have been highlighted, with $66,500 being crucial to hold; failure could lead to a further drop to around $61,065. Conversely, trader Roman notes that current positive activity at the $66,000 support level is essential for a potential bullish breakout. Additionally, the US dollar has seen notable strength, with the DXY index rising over 3% for the month, creating concern about the inverse relationship typically observed between the dollar and cryptocurrencies. Analysts suggest that uncertainty around US financial policies and upcoming elections may be contributing to this dollar strength, thereby influencing Bitcoin's current market performance.

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