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12.8 BTC Technical Analysis
BTC 4-hour candlesticks have strongly broken through the middle band of the Bollinger Bands, with volume following up synchronously. The price is steadily advancing toward the upper band of the Bollinger Bands, and the foundation for the mid-term upward structure is solid.
On the hourly chart, it has successfully broken through the previous consolidation range, with the center of gravity continuing to rise. Bullish momentum is strong, the short-term upward rhythm is clear, and the uptrend is obvious.
BTC is recommended for long positions around 89300-90000, with the first target at 91800-92800. If it breaks through, continue to look up to 94300.