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January 31 Bitcoin Market Outlook
The current price quickly rebounded after dropping to a low point, confirming the effectiveness of the double support at the lower Bollinger Band and the integer level.
After stabilizing above the lower Bollinger Band, the price has formed consecutive small bullish candles, indicating that the short-term bearish momentum has significantly weakened, which is a signal to consider entering long positions.
Bitcoin trading suggestion: Pull back to around 83,400-82,900, then look up to around 84,100-85,000.