Bitcoin's rally began to gain momentum overnight, reaching the 71,755 level before facing resistance, and currently pulling back to the 70,000 level. Yesterday, we perfectly hit the target, with a total gain of 3,300➕90 points.



From the 1-hour chart perspective, the candlesticks are facing resistance at the upper Bollinger Band, breaking below the middle band, and falling toward the lower band, with the Bollinger Bands narrowing. The MA5 and MA10 moving averages are showing a death cross. The rally momentum bars are decreasing in volume.

From the 4-hour chart perspective, the candlesticks show two consecutive bearish candles facing resistance and pulling back, with the Bollinger Bands narrowing. The rally momentum bars are decreasing in volume.

Morning forecast: Range around 70,200-70,700, looking toward 69,200-68,200
Morning forecast: Range around 2,050-2,070, looking toward 2,000-1,970
$BTC $ETH
BTC-1,57%
ETH-1,83%
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