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#美国贸易赤字状况 1.12 Monday Market Observation
Bitcoin continues its gradual upward trend, and it seems there is still room to go higher.
Looking back at last week's rally, the market mostly maintained a stable upward oscillation. After reaching around 94,760, it started to retrace and consolidate. Several attempts to test the lower support levels did not break below, and now it has rebounded again—indicating that the bulls still have some strength.
From the 4-hour chart, the MACD has already shown signs of a bullish crossover at low levels, and the price is stabilizing and warming up, which is a good signal.
On the hourly level, the bullish volume has been gradually releasing and steadily expanding, showing that the upward momentum is quite sufficient. There are no obvious signs of a pullback for now. Market sentiment is also quite positive, making it suitable to participate in the trend.
From a technical perspective, Bitcoin can consider around 91,300 and 90,700 as entry points for low positions, with targets set at approximately 92,500 and 93,500.