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January 21 Morning Market Analysis
The current target price has dipped to around 2940, with a clear downward trend and increasing momentum. The price is being continuously suppressed by moving averages and has broken below the lower Bollinger Band into a severe oversold zone. Although short-term selling pressure has slightly eased compared to yesterday, the overall downward momentum remains unchanged. The price is approaching the key support level at 2910; if this level is broken, it is highly likely to further decline.
Regarding Bitcoin, the 88600-89200 range forms a clear resistance zone, limiting the rebound potential. It is likely to test the 87400-86200 range next.
The "姨太" (mistress) is under pressure within the 2955-2980 range, making short-term突破 difficult. The 2910-2865 zone below will become an important testing target.
Real Trading Strategy
Bitcoin
Direction: Short
Entry: 88600-89200
Target: 87400-86200
"姨太" (Mistress)
Direction: Short
Entry: 2955-2980
Target: 2910-2865