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Jinchuan Morning Bitcoin Outlook #BTC
Currently, the 4-hour chart signals for BTC lean towards a short-term light position aiming for a rebound, but the medium-term outlook remains bearish. The price has fallen near the lower Bollinger Band, close to the recent low of 100,238, indicating an oversold condition and potential for a rebound.
In the short term, consider a small long position with an entry range of 100,700 to 100,200. Set a stop-loss below 100,000 and target around 102,200.