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#BTC
1.14 Bitcoin Market Analysis & Trading Strategy
✅ Market Brief
Bitcoin surged past the 96,700 resistance level but quickly pulled back, currently consolidating in the 95,000-95,700 range.
📊 Technical Analysis
The hourly BOLL bands are still opening upwards, but the price has not stabilized above the upper band, and the slope of the upper band is slowing down. Short-term upward momentum is weakening.
The surge with no volume and decreasing volatility indicates that bearish forces are continuously accumulating, increasing the risk of a pullback.
🎯 Trading Strategy
Short position range: 96,200-97,200
Target 1: 94,500 (accelerated decline if broken)
Target 2: 92,000