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According to the current market data technical signals, BTC once touched a high of 93100, but the long positions momentum has shown signs of fatigue. The continuous formation of upper wicks on the four-hour chart indicates increasing selling pressure at high levels, and the market's chip exchange is frequent.



In the MACD indicator, the long positions momentum bars have contracted to the neutral zone, the fast and slow lines are converging at a high level, and the short-term upward momentum is tending to weaken.

Within the one-hour structure, the K-line is being suppressed by the middle band and is moving towards the lower band of the Bollinger Bands, which are extending horizontally, indicating that the market is transitioning from a one-sided upward trend to a consolidation phase.

The market is expected to continue the wave-shaped correction structure. Attention should be paid to the support strength in the 90000-90500 range. If it breaks down, it may seek balance around 88500! #反弹币种推荐
BTC-0.59%
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