Monday Bitcoin and Altcoin Strategy



Bitcoin remains range-bound and weak around 74,500 in intraday trading, with shrinking volatility and low trading volume. Bulls are unable to push higher, while bears have not increased selling pressure, indicating a passive consolidation in a downtrend.

The daily chart shows a downward channel, with moving averages in a bearish alignment. Rebounds are repeatedly met with resistance and fail to stabilize, with divergence between volume and price. The rebound lacks sustainability, and the bearish dominance remains unchanged.

MACD shows a death cross with the green bars continuing, KDJ hovers at low levels without a clear golden cross, and Bollinger Bands are opening downward, with price moving along the lower band.

Trading Strategy
Bitcoin ranges between 75,500 and 76,000, with a target of 74,500 and a further decline to 73,000.
Altcoin ranges between 2,320 and 2,340, with a target of 2,280 and a further decline to 2,200.
BTC-1.62%
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