Monday daytime Bitcoin and altcoin outlook

Bitcoin has formed two consecutive bullish candles on the 4-hour chart, with a震荡攀升 (oscillating upward) pattern, breaking through the upper band of the Bollinger Bands with a decisive move. The Bollinger Bands are expanding, with the middle and upper bands turning upward simultaneously. Short-term volatility has clearly increased, and the bullish momentum continues to extend.

Looking at the MACD indicator, the DIF and DEA lines remain in a golden cross upward, with the red histogram bars steadily increasing in size. The foundation for medium to long-term upward movement remains solid. However, caution is advised as the price has deviated too far from the moving averages in the short term, and the risk of a technical correction is gradually accumulating.

Bitcoin range: 90,000–90,800, support at 88,000;
Altcoin range: 3,050–3,100, support at 2,900.

Personal opinion, for reference only, not investment advice!