Monday Afternoon Bitcoin Outlook

After an early rally, the market clearly cooled down, and the trend has returned to a consolidation range. Currently, the price is fluctuating around the 69,000 level, with overall volatility not exceeding 400 points up or down.

From a short-term perspective, the 69,500 level remains a resistance zone, with no effective breakout signals yet, indicating that the bullish momentum is lacking. Therefore, the afternoon strategy is still to anticipate a pullback.

In terms of trading, consider shorting near the 69,500 area on a rebound, prioritizing short positions to observe the retracement strength; watch the 67,000 support level below. If the price tests this support and does not break below, consider adding long positions at lower levels.

Overall, the current market remains a typical consolidation pattern, with a focus on buying dips and selling rallies. Avoid chasing the market or panic selling; patience and waiting for better entry points are key.