Monday Night Bitcoin and Altcoin Strategy Analysis

Bitcoin surged intraday to 72,000 and then quickly retreated, maintaining a narrow range between 70,000 and 72,000 throughout the day, showing a weak consolidation pattern after the rally. The bullish rebound volume continued to shrink, lacking upward momentum, and failed to break above the key resistance level of 72,000.

On the hourly chart, Bitcoin surged and then fell back, breaking below the short-term rebound trendline. The MACD indicator formed a clear bearish divergence, with the red bars gradually shrinking and turning green, indicating increasing bearish momentum. The short-term moving averages turned downward and diverged, although the price oscillated around 70,000, the rebound height remained limited.

Trading Strategy
Sell Bitcoin short in the 70,000-70,500 range, with a target of 68,500 and further down to 66,500.
Sell Altcoin in the 2,050-2,080 range, with a target of 2,000 and further down to 1,920.