$BTC Bitcoin dropped significantly from 74130 starting from yesterday afternoon at 6 PM, and continued until the early morning of the 18th when it found support near 71060. The price has gradually stabilized, currently trading around 71070.
Bitcoin is currently maintaining narrow range consolidation on the 4-hour timeframe, with the price compressed near 71000. However, on the daily timeframe, after breaking below the previous short-term support zone, it continues to be pressured by short-cycle moving averages, maintaining narrow range oscillation with a bearish bias on the daily chart. On th