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Bitcoin continues to fluctuate downward, starting to decline from around 71,400, currently dropping to approximately 70,300. Our morning analysis perfectly hit the mark, closing at 13,000➕40 points.
From the one-hour chart, the candlesticks are under pressure from the middle band of the Bollinger Bands, breaking below the lower band, with the Bollinger Bands trending downward. The MA5 and MA10 moving averages are showing a death cross.
From the four-hour chart, the candlesticks have broken below the middle band of the Bollinger Bands, with the MA moving averages showing a death cross. The momentum bars at the top of the candlesticks are increasing.
Tonight's forecast: Range around 70,500-71,000, looking toward 69,500-68,500
Tonight's forecast: Range around 2,070-2,090, looking toward 2,020-1,980
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