The current Bitcoin price is 60,904, breaking below the middle band of the Bollinger Bands, and is between the middle and lower bands in a weak zone. The Bollinger upper band is slowly declining, and the track is slightly narrowing. In the short term, it is oscillating and weakening. The previous high of 61,073 has become a short-term resistance. The intraday low reached 60,876, close to the Bollinger lower band at 60,878. The lower band forms a short-term support level. The bearish trend is still in place, but indicators are oversold, suggesting a small probability of a technical rebound correction. After spiking to 61,073 in the evening, it oscillated and gradually fell back, showing a weak decline with consecutive large bearish candles breaking through levels, with the center of gravity continuously shifting downward. After bottoming out at 60,876, the decline stopped, and in the short term, it is temporarily sideways with support near the middle Bollinger band at 60,970. Resistance above is at the previous high of 61,060, and support below is at 60,876. If broken, it could fall further to the previous low of 59,080.
Bitcoin: around 61,000-61,200, target: 60,000
Ethereum: in the 1570-1590 range, target: 1500