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2.9 Latest Bitcoin and Altcoin Strategies
Yesterday, the price surged to around the 72,000 level, with the daily trading range between 70,000 and 72,000, showing a narrow fluctuation. Overall, the trend was weak and consolidating.
From the hourly chart perspective, after an early rally, the price quickly retreated to the 70,000 level. Although it found support at the moving averages and oscillated, the rebound volume was weak, lacking upward momentum, making it difficult to support a new rally. Technically, the hourly MACD indicator showed a bearish divergence signal, with short-term moving averages spreading downward. The bearish signals are gradually emerging, indicating that the short-term rebound has peaked. This week is likely to see a second bottom test. It is recommended to continue controlling positions based on rebounds.
Bitcoin between 70,800-71,800, then target 68,000, 66,800;
Altcoin between 2,080-2,120, then target 2,000, 1,910.
Personal opinion, for reference only, not investment advice!