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12.5 BTC Evening Market Analysis
Looking at the 4-hour trend, Bitcoin's pullback and consolidation are almost complete. It has tested the support near 90,800 twice without breaking below, indicating a relatively solid bottom. Technically, the monthly EMA can effectively support the price. The KDJ indicator had previously dropped into the oversold area and is now starting to turn upward, suggesting that the bulls are likely to gain momentum next.
Operation suggestion: go long at 90,000-90,800
Target: 92,100-94,200
$BTC