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January 4th Bitcoin Morning Silk Road
The weekend market mainly fluctuated within a narrow range, with bulls and bears deadlocked. Bitcoin dipped to around 89,200 and then rebounded to around 91,500.
From a technical perspective, the 4-hour chart shows a step-by-step upward trend; the bulls have a slight advantage, but a continued breakout is difficult.
Today, the strategy is mainly to sell on rebounds and buy on dips.
Bitcoin is recommended to short around 92,000-93,000.
Target around 89,000-88,000.