Monday Night Bitcoin and Altcoin Strategy


Bitcoin has retraced from its high of 97,900 to 91,800. The four-hour chart shows a "double bullish reversal" pattern, with decreasing volume during the pullback, indicating that bulls are starting to cautiously re-enter. The medium-term upward trend line remains intact, and this current pullback is a healthy correction within the trend.

The MACD has formed a "shrinking green histogram and emerging red histogram" below the zero line, with the DIF about to cross above the DEA to form a golden cross. The Bollinger Bands are narrowing, with the midline around 93,800 acting as a short-term support/resistance boundary.
Short-term support is at 91,800, resistance at 94,000.

Evening Trading Strategy
Bitcoin reaching the 93,800-94,200 range, with a target of 92,000 and a downside of 90,000.
Altcoin reaching the 3,250-3,280 range, with a target of 3,180 and a downside of 3,100.
BTC0,57%
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