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January 5 $BTC morning market analysis:



Looking back at last night, the price of Bitcoin dropped from around 104,800 points to near 98,800 points, entering a consolidation phase.

From the hourly Bollinger Bands indicator, the three bands show a downward divergence trend, but the lower band has already stopped falling and is flattening out, forming a short-term support; the MACD indicator is slowly moving away from the support level of the lower band and gradually approaching the middle band, indicating that the short-term downward momentum has significantly weakened, and the market is transitioning from the previous rapid decline to a consolidation adjustment phase.

Operational suggestion: Bitcoin 99800-99300.
Target looking at 101000-101500

Concubine 3180 points - 3140 Duo
The target is looking at 3280-3340.
BTC1.24%
ETH2.96%
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