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Market situation on February 20th, with weekend liquidity weakening. Currently, Bitcoin is moving in a sideways pattern: the overall rhythm is still centered around the 8-hour Bollinger Bands, forming a range.
The lower band has been tested three times. If this level continues to hold without breaking, the market is likely to move upward along the middle or upper Bollinger Band, with a target around 70K.
However, if the lower band is effectively broken downward, the structure will weaken. The next move is more likely to be a retest of the 60K–62K range for a second confirmation before deciding the next direction.