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$BTC Friday morning BTC analysis
From the 4-hour Bollinger Band structure, the price is currently repeatedly seesawing near the middle band. The upper band has been tested twice but failed to hold, indicating heavy selling pressure at this level.
The Bollinger Bands are showing signs of narrowing, meaning the trading range is compressing. Once it breaks down with volume, the downside space will open.
Trading idea: Short in the 63400-63700 range, targets at 62200-61700.