Over the weekend, the cryptocurrency price experienced significant fluctuations, initially retracing to the 63,000 level, then rebounding sharply. However, it failed to stabilize above 68,000, and subsequently continued to decline gradually. Currently, Bitcoin is trading around 67,000.
From the market perspective, although there was intense volatility over the weekend, it still remained within a range of oscillation. The repeated tug-of-war and lack of continuity led many traders into a passive situation of chasing gains and selling at losses, making it difficult to achieve ideal profits. On the hourly chart, the rebound strength was generally weak, with the bears still dominating. The trading strategy remains primarily bearish, which is also our core approach recently.
Bitcoin trading suggestion: Short near 67,500-68,200, with targets down at 66,000 and 65,000.
Altcoin trading suggestion: Short near 1,990-2,026, with targets down at 1,905-1,835.
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