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1.9 Friday Morning Thoughts
Looking at the current chart, Bitcoin is oscillating around the middle and lower bands of the four-hour Bollinger Bands. After testing support and rebounding, the bullish momentum is lacking, with no trend-driven upward movement. The price tests the upper band but faces strong selling pressure, and the upward momentum is exhausted.
Tonight's trading suggestion is to focus on rebounds and short-term gains.
Bitcoin: Range of 91,500-92,300, with a downside target near 89,000.
For aggressive traders, consider entering in batches with proper stop-loss arrangements. #Gate广场创作者新春激励 $ETH