January 28th, BTC Market Analysis and Trading Strategy
The current price is oscillating and rebounding between the middle and upper Bollinger Bands, showing a short-term bullish bias, but there is resistance at the upper band and previous high, with insufficient volume.
Support levels: 88,387 (middle band), 87,284 (lower band)
Resistance levels: 89,490 (upper band), 91,224 (previous high)
Simplified Long and Short Strategies
Long Strategy:
- Pullback Long Entry: Enter at 88,300–88,500, stop loss at 87,800, take profit at 90,500/91,200
- Breakout Long Entry: Enter at 89,500–89,600, stop loss at
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