This move is a classic panic-driven shakeout. The support below is super strong, and the bears are basically out of ammo. Yesterday saw massive options expiration, and the bears took the chance to smash the price to test the bottom line, but they couldn’t break through 69K. The price precisely bounced off the lower channel boundary, with secondary indicators showing extreme oversold conditions and giving a clear bottom “long” signal. Support: 69K (confirmed iron bottom, strong buying zone) Resistance: 73K (short-term trapped positions), 76K (previous high, strong resistance) The bottom support is confirmed, short-term downside risk is eliminated, and next week will most likely see a consolidation after bottoming out, followed by a short squeeze upward. The market will return to being bull-dominated, and sentiment will recover quickly. This $BTC setup has an excellent risk-reward ratio. The core logic is to rely on the iron bottom and ride the confirmed rebound. Entry: Go long directly around the strong support zone at 69K-70K. Stop-loss: Strictly set at 68.5K. If it breaks, admit the mistake and exit immediately. The cost of trial and error is very low. Target (Take-profit): For the first wave, reduce positions at the 73K resistance level. If there’s a breakout with volume, hold the remaining positions and aim for the previous high at 76K.