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January 5th $BTC Silk Road
Wake up to find Bitcoin surging as expected to reach 93,000. This level came faster than anticipated, but it was within our forecast. Those who have been paying attention know that I repeatedly emphasized that the 93,000 level would definitely be broken.
From the 1-hour chart, the bullish momentum is gradually weakening. The KDJ and RSI are both in overbought territory, and the Bollinger Bands have already widened. All technical indicators urgently need correction and adjustment. Remember not to chase the high blindly.
Bitcoin can be shorted in batches within the 93,500-94,000 range.
Targeting 91,500-90,500$BTC