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February 10 Bitcoin / Altcoin Market Outlook
The 4-hour candlestick chart for Bitcoin shows a pattern of rising and then pulling back. In the short term, multiple attempts to break through the 70,500 level have failed. Currently, a small bearish candle has formed, indicating significant resistance above. Regarding indicators, both DIF and DEA are in negative territory, but the MACD histogram is gradually shrinking, suggesting weakening bearish momentum. On the daily chart, the MACD remains below the zero line, indicating an overall bearish trend.
Bitcoin Trading Strategy: Expect a rebound around 70,000-70,800, with a downside target of 68,800-67,000. If resistance is broken, continue to look higher.
Altcoin Trading Strategy: Expect a rebound around 2,100-2,150, with a downside target of 2,000-1,880. If resistance is broken, continue to look lower.