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1.8 Thursday midday thoughts
Currently, on the four-hour chart, Bitcoin's Bollinger Bands upper and middle bands are maintaining a downward divergence slope, exerting continuous resistance at those levels. Although the lower band is turning upward, the upward momentum is limited, and the support effect is weak. Multiple attempts to break through the middle band have ended in pullbacks, and the price has consistently remained below the middle band, further confirming a short-term bearish dominant oscillation pattern.
Midday trading strategy mainly bearish
Bitcoin: Range of 91,500-92,300, with a target of 89,500 on the downside
Aggressive phased entries, with proper defensive positioning. #Meme币板块回暖 $BTC