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12/29 Monday Morning Bitcoin Market Overview
BTC has remained above 87,000 for several consecutive trading days, mainly fluctuating within the 87,000–88,000 range, showing a pattern of bottoming out and rebounding + range consolidation. Recently, trading volume has decreased, but the price has not made new lows, indicating that selling pressure has significantly weakened and the chips are stabilizing.
From the four-hour chart, the BOLL bands are beginning to contract and flatten, which usually indicates an imminent directional breakout. Combined with the current stable formation at low levels, the probability of an upward breakout is relatively higher.
Trading Suggestions
Bitcoin: Gradually build positions around 87,200–87,500
Target: 89,000–90,000 range, flexibly taking partial profits based on strength