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Wednesday Night Bitcoin and Altcoin Strategy
Yesterday's morning session saw Bitcoin surge to around 70,800 before encountering resistance and pulling back. The entire day exhibited a sideways downward trend, currently consolidating around 66,800. The overall market volatility is relatively slow, but the downward trend is clear, and no effective reversal signals have appeared yet. On the four-hour chart, the rebound strength remains weak, and Bitcoin has effectively broken below the previous support level of 67,200, breaking the previous consolidation pattern. In the short term, the trend is leaning towards a bearish outlook.
Evening Trading Strategy
Bitcoin rebounds to the 67,500-68,500 range, with a target to drop to 66,000 and further down to 64,500.
Altcoin rebounds to the 1,960-1,980 range, with a target of 1,920 and further down to 1,850.