#BTC drops to 10,000

#BTC Today I finally understand why you're called the Coin King—you can single-handedly drag all mainstream coins to death!

The current Bitcoin price is 60,705, with a high of 63,674 and a low of 59,080 within the day. The maximum intraday fluctuation is close to 4,600 points. From a 4-hour perspective, the price has been declining from the previous high, staying below the Bollinger middle band for a long time, and recently oscillating near the Bollinger lower band. The Bollinger channel remains open downward overall, forming a typical downward channel pattern, with the Bollinger middle and upper bands acting as multiple levels of resistance. The lower KDJ indicator, which previously dropped into the oversold zone during a sharp decline, is now slightly turning upward with the three lines converging at low levels, indicating a passive recovery after a major drop. Looking back at the cycle candlestick chart, the market started a continuous decline from the high point of around 78,077 near May 25, with several small rebounds that failed to break through the Bollinger middle band resistance. After weak rebounds, the price continued to make new lows, reaching a low of 59,080 today before a slight rebound. Overall, the weekly trend has been bearish for nearly half a month, with each small rebound unable to change the overall downward trend, only triggering short-term technical rebounds after new lows. The overall outlook remains firmly bearish. Short-term bearish momentum is strong, with ample room for further decline, so the short-selling strategy remains unchanged. Bitcoin: around 61,000, target: 59,500 Ethereum: around 1,580, target: 1,500