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$BTC 11.21middayBTC analysis of ideas
Current price is 85746, and it is not a low point for building a base. The engulfing pattern and RSI oversold conditions are merely short-term technical corrections. The price remains in a downward trend under the pressure of moving averages. The position outside the lower band of the Bollinger Bands is more of a weak rebound after excessive decline, rather than a stabilization signal. The decrease in trading volume does not indicate a lack of bearish momentum, but rather a weakness in bullish support. After a subsequent rebound, the downward trend will continue, so do not misinterpret it as a bottom reversal.
Operation suggestion: Short near 86000-86500, target 85000, 84500.
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