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$BTC The final script of the bear market
BTC will next move toward the 70K area, to test resistance around the bull market support band, then continue downward, with a bottom in October.
The key timing for the downside is around August, before and after CPI.
We don’t have much time left. The best time to buy is right this summer—don’t keep thinking about catching the absolute lowest point.
Key price levels of the range: middle band 1853.95, upper band 1883.17, lower band 1824.72
Earlier, the price saw a sharp pullback that touched the lower Bollinger Band to complete a bottom confirmation; afterward, it consolidated and moved upward, holding steady above the Bollinger middle band. The former resistance level has turned into a short-term core support. The Bollinger Band channel has gradually flattened after initially narrowing downward, and the downward momentum has stopped—entering a recovery phase. The current price is trading close to just below the upper Bollinger Band, and 1883.17 is forming a strong short-term suppression zone. Only if there is a volume-backed breakout above the upper band can it open up further room for an additional rebound. One man’s personal suggestion: chop/hold around 1825-1780, target around 1890-1980; a volume-backed breakout will break 2000 #BTC # ETH #BTC price analysis