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Bitcoin sentiment is strongly bearish, with a one-sided decline to around 65,500. Currently, it has rebounded to fluctuate around 66,200. Over the weekend, two consecutive bearish moves were perfectly achieved, totaling a gain of 4,100➕120 points.
From the 1-hour chart, the candlestick broke through the middle and lower bands of the Bollinger Bands, which are opening up. The MA5 and MA10 moving averages are showing a death cross.
From the 4-hour chart, the candlestick touched the lower band of the Bollinger Bands, which are trending downward. The MA moving averages are showing a death cross. The bearish momentum bars are shrinking in volume.
Morning forecast: Around 66,400-67,000 bearish, looking towards 65,500-64,500
Morning forecast: Around 1,960-1,980 bearish, looking towards 1,910-1,880
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