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January 24 Bitcoin Market Outlook
Recently, the price dipped to 87,205.5 and then rebounded. It is currently stabilizing between the lower band and the middle band of the Bollinger Bands, with the lower band forming short-term support.
The DIF line has turned upward and is approaching the DEA line, with signs of decreasing green momentum bars and the emergence of red momentum bars, indicating that short-term downward momentum is weakening and a rebound is needed.
Bitcoin trading suggestion: Pull back near 89,200-88,500, with an upward target of 90,000-91,000.