Hello everyone, I am trader Gege. Continuing from the previous article, have a great weekend! There is a delay in article review, please follow the official account for the first release!

What is obsession? Take a copper coin, hold it tightly in your palm, then with the palm facing down, extend your arm, and at the moment you release your hand, the copper coin falls. This is the reason why you hold on tightly.

Furthermore, place the copper coin in your hand with the palm facing up, the palm flat, without the need to grip tightly, and you will find that the copper coin remains in your hand without falling.

Obsession is when we think that only by holding tightly does it belong to us. Master Hongyi once said: Everything you want to control, you actually control. When you want nothing, everything in the world belongs to you. Non-action is strong, and non-action leads to being able to do anything.

Taleb once said: It is harder to make those who hold positions give them up than to make them divorce. This is obsession, and also stubbornness. People with a stubborn personality often view market fluctuations as "either black or white," either right or wrong. Most people who think the market is "either black or white" are unhappy, because such people are inherently flawed and cannot be compatible with the market.

Returning to the point, let's take a brief look at today's market analysis. The weekend's market for Bitcoin was relatively sluggish. As mentioned earlier, the market also moves beyond expectations. It is emphasized that the support of the 4-hour trend line is crucial. If the candlestick body breaks, long positions should not be involved. I wonder if everyone has carefully read Gege's article? The daily market has fallen below the 7-day moving average, so the next short-term support comes to the midline. The Bollinger Bands are in a flat state, with resistance above returning to the 7-day moving average and the trend line. The MACD lines have touched the zero axis and started to turn, the volume bars are starting to continuously shrink, and the KDJ continues to cross and move downwards, indicating a further need for release. The 4-hour Bollinger Bands are opening downwards, and the market is facing resistance from the moving average, oscillating narrowly above the lower band. Since it has broken the trend line, simplifying the technical reference to the trend line as resistance for rebounding short positions.

Recently, a lot of funds have entered some altcoins. Gege reminds friends who play with altcoins not to be too greedy, otherwise they will be harvested by the market makers. After all, the cryptocurrency market is still a market dominated by strong players. Also, for friends who rely on news to speculate on coins, Gege suggests playing with a small position, be quick, and be resolute in taking profits when there are any. If you get trapped in altcoins, then getting out of the trap will be a long way off. It is recommended to play with mainstream coins as much as possible, even though the fluctuations are not large, they are stable. There is not much to say about the weekend market. For short-term trading, it is recommended to go short at 26800-27000. This concludes today's market analysis. See you next time. For more real-time advice from Gege, find Auntie Bitcoin.

The advice is for reference only. Enter the market with good risk management. Determine profit and stop-loss levels on your own. Consult specific strategies during trading.

Know yourself and know your enemy, and you will never be in peril. Most of the time, it's not because we don't know the enemy, but because we don't know ourselves. The Thirty-Six Stratagems talk about extraordinary tactics, while Sun Tzu's Art of War's "strategies" are calculations, considerations, and decisions before placing an order.

Many individual investors are unable to enter the trading door simply because they lack a guide. The problem you have been pondering over may be easily solved with a single piece of advice from an experienced person. Daily real-time market analysis of currencies such as BTC, ETH, BCH, LTC, EOS, XRP, DOT, etc., is publicly available in the social circle, and there is also guidance in the experience exchange group. There is 18-hour online market analysis and operation guidance every day. Feel free to scan and add for real-time guidance. Note! The contact information below does not belong to me!

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