Just see if this analysis is amazing or not. Bitcoin market analysis for today.

First, let's take a look at the 4-hour candlestick chart, the Bitcoin 4-hour candlestick chart. The Bollinger Bands show a horizontal trend, corresponding to a range of 119789~117223. The middle line of the Bollinger Bands shows a horizontal trend, corresponding to a price of 118504. Overall, Bitcoin has entered a large range of sideways consolidation, with a range of 120300--115800. The current downward trend is testing the lower line of the Bollinger Bands, with the candlestick below the middle line of the Bollinger Bands.
Next, we look at the MA moving average indicators. The 5-day moving average and the 10-day moving average have formed a dead cross, with a slight downward trend, corresponding to a price of 118500 (a small resistance level above). The 30-day moving average and the 60-day moving average show a horizontal trend, corresponding to prices of 118369--118223. Below, the 120-day moving average is trending upward, corresponding to a price of 115688 (short-term support price below). The 360-day moving average is trending upward, corresponding to a price of 109300.
After the MACD cross-horizontal trend forms a death cross, the market begins to fluctuate and decline. The RSI cross-composite death difference forms a downward wave corresponding to the values of twelve and twenty-four, entering the oversold phase. The oversold phase is accompanied by a slight rebound, but has not yet entered the acceleration decline phase.
Looking at the one-hour chart, Bitcoin is experiencing a volatile decline, falling near the lower Bollinger Band line, and the moving averages are showing a shift from bullish to bearish arrangement. The market is in a volatile downward trend, with key attention on whether it can break below the previous rebound point of 117050. Currently, the downward trend appears to be strong. The upper resistance points are 118358 to 118500. The support points below the rebound pressure zone are around 116500.

Conclusion: BTC market
Direction: volatile decline
Resistance point above: 118500, resistance range 118300--118500
Support level below: 115800, short-term support level: 117050
Current trend: fluctuating downward, testing the previous low buy point at 117050. If it cannot effectively break below 117050, a slight rebound will occur, maintaining a sideways fluctuation in the range of 117000~117700. Currently looking at the trend, after testing down to 117250, there will be a slight rebound. If the slight rebound does not effectively break above 117700, it will continue to decline.