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January 10th Bitcoin Market Outlook
From the 4-hour chart perspective, Bitcoin is at a critical decision point. After falling from the high of 94,700, the price has been consolidating around the 90,000 level.
Recently, the candlestick patterns indicate that the rebound momentum is continuously weakening, with higher peaks gradually decreasing. This is a typical sign of a weak trend. Currently, market sentiment is cautious, with bulls struggling to mount an effective counterattack, while the bearish atmosphere continues to intensify.
Bitcoin trading suggestion: Rebound near 90,800-91,200, with a target of 89,700-88,500.
Altcoin trading suggestion: Rebound near 3,100-3,130, with a target of 3,050-2,950.