In the 1-hour level of Bitcoin, the downward turn of the middle band of the Bollinger Bands constitutes medium-term resistance. After losing the middle band, the price has accelerated its decline, and the current price is approaching the lower band support. It highlights that the selling pressure has not diminished, and the buying support is weak. Although the lower band temporarily supports the price, the overall trend of the Bollinger Bands is still diverging downward, and the resistance from the middle band continues to suppress the height of rebounds. If the lower band support is lost again, the space for a pullback may further open up. In the short term, with a bearish atmosphere, caution is needed for continued downside risk when rebounds lack strength. $ETH #美国初请失业金人数