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January 25 Bitcoin Market Outlook
The price recently dipped and then stabilized and rebounded, forming a short-term effective support level. Currently, the price is between the lower band and the middle band of the Bollinger Bands, with upward momentum testing the middle band.
In the MACD indicator, DIF has crossed above DEA, and the MACD histogram has shifted from green to red, indicating that the bearish momentum is weakening and bullish momentum is accumulating.
Bitcoin trading suggestion: Pull back to around 88,800-88,300, then look up towards 90,000-92,000.