1.27 Midday Market Analysis
Currently, Bitcoin's stance can be described as "oscillating at high levels, seeking support," with a rebound from the previous day's low of 86,000, but overall still in a weak consolidation pattern.
The daily chart yesterday closed with a small bullish candle with a long lower shadow, with the price trading below short-term moving averages such as MA5, MA10, and MA20. The moving averages are arranged in a bearish pattern, indicating a medium-term bearish trend.
Gold broke through 5000 to hit a new all-time high, while Bitcoin showed weakness, indicating that safe-h
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