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Double Bottom Analysis
The 1-hour cycle of the double bottom quickly retreated from the high of 2167, tested the support at 2017, and then rebounded. Currently, it has stabilized above the middle Bollinger Band at 2058, indicating a short-term sideways correction.
The Bollinger Bands are narrowing and flattening, with the upper band at 2073 serving as short-term resistance, and the lower band at 2043 as a key support; the price staying above the middle band suggests strong rebound momentum. Watch for a breakout above 2073—if it occurs, the rebound may continue. If it pulls back but stays above 2043, the range-bound strategy remains valid.
Trading suggestion: 2100-2130🈳, target 2020-1920.$BTC