June 2 Afternoon Analysis

Bollinger middle band at 71,050.8, upper band at 71,669.2, lower band at 70,432.3, the price is under pressure below the Bollinger middle band, maintaining a complete downward channel, with multiple resistances above, limiting short-term rebound space.
The short-term MA10 and MA20 moving averages are diverging downward simultaneously, directly suppressing the price; the medium to long-term MA89 is at 71,797.0, forming a mid-term core resistance zone, and the price rebound will face multiple resistances.
DIF and DEA double lines are running below the zero axis, with the bearish momentum bars slightly narrowing, indicating a slowdown in the decline pace, but no trend reversal signals have appeared, and the market remains in a weak bearish dominance pattern.
Indicators have turned up from the oversold zone to form a golden cross, showing a short-term technical correction demand, but under the suppression of the large-scale bearish trend, the rebound strength is limited, and it can only be seen as a weak pullback. A personal suggestion: rebound to around 71,500-72,200, with a target of 70,000. After breaking, look #BTC at around 69,100.