Wednesday Night Bitcoin and Altcoin Strategy

Bitcoin's four-hour chart remains range-bound between 69,300 and 70,000, with Bollinger Bands showing alternating upper and lower band movements. Short-term momentum is gradually weakening, while long-term momentum is beginning to recover. The Bollinger Bands' upper and lower bands are narrowing significantly, indicating that after a period of consolidation, a directional breakout may be imminent.

Hourly Level: Support zone formed between 68,000 and 69,000, which has been tested multiple times without effective breakdown, accompanied by increasing volume signals at the bottom, indicating strong support below and laying the foundation for a rebound.

Trading Strategy
Bitcoin retraces to 68,500-69,000, target 70,500, with an eye on 72,500
Altcoin retraces to 1,960-2,000, target 2,050, with an eye on 2,120
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