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Morning Thoughts
After breaking through 71286 on the 15-minute chart, the price continued to fall back, touching as low as 68932. This is a typical false breakout and shakeout pattern, indicating that short-term market sentiment remains unstable. The middle band of the Bollinger Bands at 70300 is forming a strong resistance. The price is staying below the middle band, consolidating with oscillations, and the bullish trend remains clear.
The strategy remains focused on low buy-ins, riding the rebound to go long, and maintaining a cautious approach.
Trading Recommendations
Bitcoin: Buy near 69800-69300, target 71500-72500
Altcoin: Buy within 2040-2000, target 2090-2150