Yesterday early morning, Big Cake pushed up briefly to around 73,800 on the short-term basis, then faced pressure and pulled back due to disturbances from the news backdrop. The lowest dipped to around 70,800. Overall, the pace of the pullback was basically in line with the earlier expectations. For this wave of adjustment, we had already laid out a clear outlook during Friday Live. At present, Big Cake’s room to correct is already close to 3,000 points, while Yi Tai is also moving in sync, with a realization move of about 150 points.

From the current market structure, the price has stabilized by riding along the lower band of the Bollinger Bands, with the prior key low of 70,500 support effectively firmly established. After the shorts’ concentrated release, the downward momentum has clearly weakened, and the low-level consolidation and bottoming formation is becoming more apparent. The Bollinger Bands continue to tighten and contract with shrinking volume, and the bulls-versus-bears standoff has entered a critical node for direction selection. Multiple support layers below have been built up one after another, with strong defensive strength. Bullish chips at low levels have accumulated sufficiently, and a phased rebound window has already opened.

Big Cake’s pullback near 70,500—then up to 71,800—72,800; if it breaks through, it can move along toward 73,800.
Yi Tai’s pullback around 2,170—2,140 offers a chance for longs near this area, targeting 2,250—2,3300#Gate上线Pre-IPOs $BTC $ETH