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Friday, January 23rd Morning Market Observation
On the four-hour chart, #Strategy加仓比特币 has experienced a few consecutive declines and is now oscillating around the support level. Currently, it is in a consolidation phase. The upper and lower bands of the Bollinger Bands are gradually narrowing, indicating that the bullish and bearish forces are temporarily balanced. The next step is to wait for this consolidation to complete, which is likely to lead to a more obvious market movement.
Looking at the one-hour trend, the price just broke below the lower Bollinger Band and has now pulled back. The long upper and lower shadows on the candlesticks indicate that there are intense battles happening within the market, but a closer look shows that the bearish momentum is clearly weakening. The MACD fast and slow lines are converging at low levels, and the KDJ is also brewing a golden cross signal, suggesting a high probability of a short-term rebound.
From this perspective, you can gradually position for long trades around 88500 and 88000. The first target is set at 91000, and if it breaks through, 93500 is within reach. $BTC $BTC We will continue to monitor the market moving forward.