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Sunday Night Bitcoin and Altcoin Strategy
Bitcoin daily and 4-hour charts are both in consolidation, relying on the middle band of the Bollinger Bands (88200) for tug-of-war. Rebound momentum is weakening, and MACD is bearish. Support is at 86500, resistance at 88500-89500, indicating a short to medium-term weakness.
Trading Directions
Bitcoin ranges between 88000-88500, with a target to look lower at 86500 and further down to 85000.
Altcoin ranges between 2940-2980, with a target to look lower at 2850 and further down to 2800.