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Thursday morning, 1.29 BTC/ETH latest outlook
Currently, Bitcoin's price is supported by the middle band of the Bollinger Bands, trading within the middle to upper band range. The bulls and bears are in balance, and the upward momentum is strengthening; the KDJ indicator has formed a death cross and is extending outward, while the MACD indicator is above the zero line with increasing bullish volume. If a breakout occurs from the narrow range with increased volume, an acceleration to the upside is expected. Focus on entry opportunities on dips that do not break the middle band.
BTC: Buy near 88,000-88,500, target near 89,800-90,600
ETH: Buy near 2,930-2,970, target near 3,050-3,090