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1.22 Midday Thoughts
From the current chart of Bitcoin, the 4-hour Bollinger indicator shows that the price is still below the middle band, which continues to turn downward, indicating that the overall trend remains bearish. The upper band also forms a clear resistance level. The trading suggestion is to short at the high points during rebounds.
Bitcoin: Short in the 90500-91000 range, with a target around 89000.
For aggressive traders, enter in batches and set up proper defensive positions. #现货黄金再创新高 $BTC