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Monday Daytime Bitcoin and Altcoin Strategy
The daily chart shows a strong five-day bullish pattern, breaking through the previous consolidation range. The key level at 91,400 has flipped from support to resistance, forming a healthy upward structure characterized by “higher highs and higher lows.” The target range is between 92,800 and 93,200, indicating a trend-following upward phase after the breakout.
Short-term support is at 91,400-92,000
Short-term resistance is at 93,500-94,500
The daily MA5 and MA10 are forming a golden cross and diverging upward, with the MACD red histogram continuously expanding, indicating strong bullish momentum. However, the 4-hour RSI has risen near 78, approaching overbought territory. The hourly chart shows signs of “price rising with decreasing volume,” suggesting short-term selling pressure above 93,000.
Trading Strategy: Primarily buy on dips
Bitcoin retracing to the 91,400-92,000 range, targeting 93,500, with an outlook toward 94,500.
Altcoin retracing to the 3,120-3,150 range, targeting 3,200, with an outlook toward 3,280.