From the 4-hour view of Bitcoin, it has dropped from 124545 all the way down, and the trend is a standard downward fluctuation. It is currently firmly pressed below the middle line of the BOLL, with a very obvious short-term bearish trend. It already dipped to 111944 last night, basically hitting the support, indicating there is still space below. The moving average has a dead cross pressing down, and the rebounds are unable to rise.

Looking at the 1-hour chart, the rebound peaks are getting lower and lower, the BOLL bands are continuously turning down, and 113000 has become a solid resistance, failing to break through several times, with bears completely in control. The volume is also typical of a drop in volume during a decline and a contraction in volume during rebounds, with funds flowing out and hardly anyone picking up the $BTC $ETH #BNB创新高 .