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2.11 Latest Bitcoin and Altcoin Trading Ideas
Yesterday morning, the market surged to around 70,800 but faced resistance and pulled back. It then continued to weaken, currently consolidating around 66,800. Recently, the market has been moving sideways at a slow pace, but the overall downward trend is clear, with no signs of reversal.
From a technical perspective, the rebound strength is clearly insufficient. The four-hour chart shows the price losing the moving average system again, with bearish momentum regaining dominance. Additionally, the price has effectively broken through the previous support level around 67,200, breaking the previous consolidation pattern and further confirming the bearish trend. Trading sentiment is subdued, liquidity is weak, and the recent weak rebound phase is essentially over.
For Bitcoin, short at 68,000-69,000, target 65,000, 63,000;
For Altcoins, short at 2,000-2,050, target 1,900, 1,800.
Personal opinion, for reference only, not investment advice!
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