2.6 Friday's Latest Bitcoin and Altcoin Strategy

This week, our main direction has been a steady climb, with all three of us fully benefiting! On the last day of the week, be sure to implement defensive measures and avoid retracement! Strategies are for reference only; prioritize my analysis! Those interested in a deeper dive can schedule a plan for next week’s market review in advance!

The Fed's hawkish stance has intensified, combined with a pullback in the US stock market. Additionally, profit-taking from previous gains has come to a halt. Bitcoin has experienced a deep correction, breaking below the key support at 64,000 and dropping to around 59,800. The technical indicators show clear bearish signals: the 7-day moving average and the 30-day moving average have formed a death cross and continue to decline. Heavily suppressed by the moving average system, the recent rebound from low levels is merely a weak correction after a large decline. The long bearish candles and short bullish candles in the candlestick pattern further confirm the dominant bearish trend. The selling momentum has not yet been fully released; the main strategy moving forward is to short on rallies.

Currently, the market has entered a panic selling phase, and bottom signals have yet to appear. The key opportunity this year lies in bottom-fishing: when Bitcoin drops to the 5-digit range, consider deploying half of your position in high-potential quality coins; if it further declines to the 4-digit range, you can confidently go all-in for bottom-fishing and wait patiently for the bull market to start.

Bitcoin short at 66,500-67,500, target 63,000, 60,000;
Altcoin short at 1930-1980, target 1830, 1730.

This is just my personal opinion, for reference only, and not investment advice!