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GUSD Minting
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Bitcoin midday outlook, currently on the 4-hour chart showing weak oscillation with the risk of a double bottom not yet eliminated. Price is trading below the middle band of the Bollinger Bands, and the moving averages are diverging downward, with the head and shoulders pattern still intact.
Below the MACD zero line, the negative histogram is slightly converging, but no golden cross has formed, and the bearish momentum still dominates.
Around 90300, stop loss at 90800, target 87500#BTC