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

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