Monday Night Bitcoin and Altcoin Strategy

Bitcoin surged intraday to touch 72,000 and then quickly retreated, maintaining a narrow range between 70,000 and 72,000 throughout the day, showing a pattern of weak consolidation after a rally. The buying momentum for a rebound continues to diminish, with insufficient upward strength to break through the key resistance level at 72,000. On the hourly chart, Bitcoin's price surged and then fell back, breaking below the short-term rebound trendline. The MACD indicator shows a clear bearish divergence, with red bars gradually shrinking and turning green, indicating increasing bearish momentum; short-term moving averages are turning downward and diverging. Although oscillating around the 70,000 level, the rebound height remains limited.

Trading Strategy
Bitcoin ranges between 70,000-70,500, with a target to look lower at 68,500 and further down at 66,500.
Altcoin (Ethereum) ranges between 2050-2080, with a target to look lower at 2000 and further down at 1920.