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1.4 Sunday Morning Bitcoin Silk Road
On the 4-hour chart, Bitcoin has rebounded from around 87,200, reaching a new high of 91,600. It is now highly likely to undergo a correction before pushing towards the 93,000 level. Technically, the upper band of the Bollinger Bands is exerting resistance, and the KDJ indicator is also in the oversold zone. Technical indicators urgently need to recover. Be cautious when chasing highs.
Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin can be shorted around 91,500-92,000, with targets of 90,000-89,000.