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12.1 Monday Afternoon BTC Market Analysis
From the four-hour chart, the price of the coin is under pressure from the middle line of the daily chart, and it has now fallen below the lower band of the Bollinger Bands, with various indicators and signals showing a bearish dominance.
It is important to note that the current KDJ and RSI indicators are both in the oversold area, and the overall pattern is still controlled by bearish momentum. The operating suggestion is to act in accordance with the trend and short on any rebound.
BTC is around 86600-87200, with a target looking down at around 85500-84000.