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The new week opens with very clear market signals: the bulls are completely exhausted, and the bears continue to dominate!
The 4-hour chart shows continuous downward decline with a stepwise grinding down, and this downward move has not yet finished.
All three Bollinger Bands are trending downward, and the candlesticks are consistently pressing against the lower band, indicating a very weak market.
Over the weekend, the MACD only showed minor correction; this morning, it experienced a sharp decline with a dead cross and increased volume, signaling a second wave of bearish momentum, and the downside space has already opened.
Trading Ideas
Bitcoin: 66,700–67,500 USD, sell in batches, watch 65,000 USD, if not broken, reverse to long
Altcoin: 1,960–2,000 USD, sell in batches, watch 1,880 USD, if not broken, reverse to long
The above is just my personal view and does not constitute investment advice. Operate rationally and manage risk properly. #加密市场小幅下跌