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Monday Bitcoin and Altcoin Strategy
Monday's core focus is on the geopolitical risk escalation caused by the breakdown of Israel-Palestine ceasefire negotiations. As a result, international crude oil prices opened sharply higher, while gold showed a gap-down consolidation pattern.
After experiencing continuous declines over the weekend, Bitcoin has remained weak below the 72,000 level, consolidating with a bearish structure.
The 72,000 level is not only the high point of yesterday's rebound resistance but also the consolidation zone after a short-term death cross of the four-hour moving averages. Multiple attempts to break through have failed, forming a strong bearish suppression zone.
The four-hour MACD remains below the zero line, with no significant convergence in the green momentum bars. The KDJ indicator is diverging downward, indicating a clear bearish trend; the hourly Bollinger Bands are opening downward, running along the lower band, with insufficient short-term rebound momentum.
The first support below is around 69,500, which is the lower boundary of the previous oscillation range. If it breaks effectively, the next key support is at 68,500. Losing this support could open further downside space, targeting below 67,000.
Trading Strategy
Bitcoin rebounds to the 71,500-72,000 range, with a target of 70,000, and a further decline to 68,500.
Altcoins rebound to the 2,210-2,240 range, with a target of 2,150, and a further decline to 2,100.