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Monday Bitcoin and Altcoin Strategy
Bitcoin dropped sharply from around 92,000 to 87,500, touching the lower Bollinger Band support on the daily chart, forming a long lower shadow pattern.
RSI is approaching the oversold area (around 34) but has not broken below, and the shrinking MACD green bars indicate weakening bearish momentum.
Support levels focus on 87,500-88,000, with resistance above at 91,000.
Trading Suggestions
Bitcoin retraced to the 88,000-88,500 range, aiming for 90,000, with an upward target of 91,500.
Altcoin retraced to the 3,050-3,080 range, aiming for 3,150, with an upward target of 3,220.