Morning Analysis of October 10
The price of $BTC fell below 61600 yesterday and continued to fall to around 60300. The upper resistance level has been falling continuously, while the space below has opened up, coupled with the fact that the cryptocurrency price has continued to retest in the early morning, indicating that the downtrend is still dominant at present.
On the daily chart, there have been 4 consecutive days of bearish candlesticks, while on the hourly chart, the Bollinger Bands are expanding downwards, the MACD indicator shows that the strength of the downtrend is somewhat strong, so the entire market today will still be dominated by bears.
