April 13 Morning Analysis

Currently, the price is closely aligned with the lower band of the Bollinger Bands, and the prior plunge low of 70566 remains structurally solid. The downward momentum is continuing to exhaust, and the low-level ranging and base-building pattern is clear.

The short-term downtrend has played out and is releasing, and the demand for rebound and correction is sufficient. MA30 provides medium-term support to hold the price, and the downside room is strictly capped.
The Bollinger channel is tightening and converging, and an imminent choice of direction is on the way. Support below is progressing step by step, and the bulls have conditions to launch a counterattack from low levels.

Firmly defend the low, set stop-losses for protection, and pre-plan the lower-level averaging-in range to dilute the average cost.
The first target is to push into 71400, where the upper Bollinger Band resistance lies. Bulls at low levels should patiently hold, and follow the trend to look for a rebound and correction market.
Trading suggestion: Enter in batches around 69300-70500.
First target: 71400-72300; if it breaks through, look toward around 73500. #BTC #ETH #美伊和谈未能达成协议