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January 21 Market Outlook for Bitcoin
BTC quickly declined from its high point, with a lowest touch of $87,787, a drop of over 10% on the 4-hour chart. The price has significantly deviated from the lower band of the Bollinger Bands in the short term, indicating a technical rebound demand; additionally, this level resonates with the previous oscillation platform support zone, and signs of a price bottoming out have already appeared after touching this level.
Bitcoin Trading Suggestion: Pullback around 88,500-87,800: look for a rise towards 90,000-92,000