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Good morning, the temperature on the mainland is getting colder, but Lao Lu still offers warm insights. Bitcoin has continued to decline and has dropped to around 92,100. The "Auntie" trend has reached around 3,165. We have been steadily accumulating Kundan positions, and the market is changing rapidly. Caution is advised in operations. Will the Kundan continue in the future? Let's look at the technical aspects.
In the four-hour structure of Bitcoin, the candlesticks initially rose and then suppressed after touching the lower Bollinger Band, testing the resistance above. Although the upward movement was temporarily hindered, there is some short-term support below. The downward space has decreased, and the MACD values are relatively weak. The fast and slow lines continue to diverge below the zero axis, but the energy bars have not formed solid bodies; instead, they are shrinking. There is some weakness in the future market, but it lacks continuity.
In the one-hour structure, the candlesticks formed a hopeful star at the lower band, indicating some rebound potential. Overall, watch around 92,300-91,800 for Bitcoin, with attention to around 93,500; for "Auntie," watch around 3,160, with attention to around 3,210.