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January 27 Bitcoin Market Outlook
The price has rebounded from near the lower Bollinger Band and is currently below the middle band, showing signs of effective support at the lower band and a short-term bullish trend. If it can break through the middle band later, there is potential for further upward movement.
The DIF line is crossing above the DEA line, and the MACD histogram continues to release green momentum bars while red momentum bars are beginning to appear, indicating weakening bearish momentum and gradual accumulation of bullish strength.
Bitcoin Trading Suggestion: Pullback around 87,000-88,000, with an upward target of 89,000-90,300.