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Bitcoin's consolidation continues to expand, with the price dropping to a low around 67,700. Yesterday, we achieved two perfect consolidations, closing at 3,900➕140 points.
From the 1-hour chart, the candlestick touches the lower Bollinger Band, which is moving downward. The candlestick is under pressure from the MA moving average.
From the 4-hour chart, the candlestick has formed four consecutive bearish candles breaking below the lower Bollinger Band, which is narrowing. The MA moving averages are in a death cross. The consolidation momentum bars are increasing.
Morning forecast: around 68,300-68,800, looking towards 67,400-66,400
Morning forecast: around 2,000-2,020, looking towards 1,950-1,920
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