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Monday Daytime Bitcoin and Altcoin Strategy
From a technical perspective, on the 1-hour chart, the upward movement of Bitcoin has shown clear signs of selling pressure release. The long upper shadow indicates diminishing bullish momentum, and the upward space is under resistance; on the 4-hour chart, the strong resistance level at 3080 has repeatedly suppressed the price rebound, and it is at the end of a triangle consolidation. Intraday, traders can rely on key resistance levels to position for short positions.
Trading directions
Bitcoin rebounding to the 90500-91000 range, target at 88500, with a downside view to 87000.
Altcoin rebounding to the 3050-3080 range, target at 3000, with a downside view to 2930.