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Analysis for the morning of April 25
15-minute Bollinger Bands: middle band 77513, upper band 77727, lower band 77298
This round of price pullback is only a retest of the lower Bollinger Band support zone, and there has not been a channel breakdown or crash.
The previous market action formed a complete bullish rally-and-peak structure, with the highs rising step by step. This pullback is a pullback and building-up of energy within an uptrend, not a trend reversal down move.
The coin price is currently precisely sitting in the lower Bollinger Band’s strong support area. This is an excellent position for a bullish low-level layout. The Bollinger Band channel has not fully opened downward, and there is always a chance of it closing upward and turning around for another surge.
In the short term, continuous bearish K-line pullbacks indicate that the bearish momentum has already concentrated and released completely, and the opportunity for a bullish counterattack is gradually taking shape. Yi Fan’s personal suggestion: around 77000-76200, with targets near 78300-79000 $RAVE $BTC $ETH