The price remains stable near the lower Bollinger Band, testing multiple times without breaking through, showing a clear bottoming pattern. The previous low support at 70,500 remains solid, the volume at the bottom has been fully released, downward momentum is weakening, selling pressure has cleared, and the bottom structure is clear.

In the short term, panic selling has been fully released, the oversold rebound demand in the market is strong, and the downward space is basically closed off. The increased support at the bottom lays a foundation for a rebound.

The Bollinger Bands continue to contract with decreasing volume, and the market is approaching a critical point for a trend reversal, about to choose a direction. Multiple supports below are tight, the market is fully prepared, capital inflow is obvious, and the rebound window has arrived, waiting for a volume breakout to confirm the reversal.

BTC retraced around 70,600-70,000, aiming for 71,600-73,000.

ETH retraced around 2,180-2,140, aiming for 2,230-2,280.