Monday Night Bitcoin and Altcoin Strategy



Bitcoin (BTC) 4-hour chart stabilizes and rebounds around 65,500, with a long upper shadow and decreasing volume doji near 69,000. MACD shows a bullish crossover below the zero line, but the red histogram is weak. Resistance is at the upper band of 69,200, while support is at the lower band of 65,300, which resonates as a support zone.

On the daily chart, volume encounters resistance at 69,500. MACD's green histogram narrows, but the fast and slow lines remain below zero, indicating a medium-term bearish outlook.

Tonight, on the 1-hour chart, price consolidates with decreasing volume between 67,500 and 68,500. KDJ shows a death cross. If it does not break above 68,500, a retest of lower levels is highly probable.

Trading Strategies

Bitcoin (BTC) trades within the 68,800-69,800 range, with a target of 67,500 and a further downside to 66,000.

Altcoin (ALT) trades within the 2020-2040 range, with a target of 1980 and a further downside to 1920.

#Gate2月透明度报告 #国际油价突破100美元 #比特币重回跌势 #BTC #ETH
BTC3.68%
ETH3.04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments