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Bitcoin's head pattern is clearly visible, oscillating downward to around 70,800. We perfectly reached the target yesterday, closing at 28,000➕90 points.
From the 1-hour chart, the candlestick broke below the lower Bollinger Band, which is moving downward. The MA5 and MA10 moving averages are showing a death cross.
From the 4-hour chart, the candlestick has three consecutive bearish days, with the MA averages showing a death cross. The momentum bars for the head are shrinking, transitioning from decreasing to increasing.
Morning forecast: Head pattern around 71,000-71,500, looking towards 70,000-69,000
Morning forecast: Head pattern around 2,090-2,110, looking towards 2,040-2,000
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