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Monday morning BTC strategy: Continue bearish, trade with the trend!
New week, BTC spot has broken below 68k, currently oscillating at 67,900–68,000 (24h decline ≈1.5%), weekend low of 67,370 confirms sustained weakness. Bears dominate, rebounds lack strength.
4h Bollinger Bands opening downward, moving averages in bearish alignment, channel lower band providing clear resistance.
Hourly level showing continuous decline from 71k resistance, momentum exhaustion, RSI oversold without strong rebounds.
Primary strategy: Sell into rallies at 68300–68800
Stop loss: Above 69100
Targets: First reduce position at 67000–67300, then accelerate breakdown at 66500–66000
If breaks below 67500, chase shorts directly, ride the downtrend! $BTC