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Based on the current market situation, on the 4-hour timeframe, Bitcoin experienced an upward move in the morning but faced resistance afterward. Currently, it is mainly oscillating downward, with the market temporarily dominated by a weak trend. The absence of a converging pattern suggests that short-term volatility is relatively low, and the price may enter a narrow range of fluctuations. This aligns with the normal expectations for the weekend. However, the overall three-trend structure indicates an upward movement trend, implying that the bullish momentum has not been fully released. Therefore, the subsequent movement is likely to be a correction within a range, gradually developing into an upward trend. Bitcoin is currently around 102,200, with a target of 105,500.

BTC-0.37%
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