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4.13 Morning Pancake
Price remains stable near the lower band of the Bollinger Bands, with the previous sharp decline low at 70566 showing a solid structure, declining momentum exhausted, and a clear bottoming pattern forming through low-range oscillation; the short-term downtrend has completed its release, and the rebound correction demand is strong, with the MA30 medium-term support holding the bottom, limiting the downward space. The Bollinger Channel is narrowing and converging, indicating an upcoming direction choice, with support levels layered below, and bulls have conditions for a low-position counterattack.
Entry: 69500-70300, staggered small long positions
Target: 71400 (Bollinger upper band resistance) - 72300$BTC