Correct actions and persistence in doing the right things will lead to the right results. Conversely, continued wrong operations will be reinforced. The human brain itself is malleable. For example, persisting in certain actions or frequently complaining, being negative, or thinking frequently will reinforce those actions with higher frequency. How to improve attention? Shakyamuni improved concentration through meditation, a practice in Buddhism, or the currently popular mindfulness meditation, especially the latter, which increases the loss of gray matter in the brain's prefrontal cortex and enhances concentration. Attention, seemingly free, is sought after by businesses to attract others' attention and then sell it. Trading is no exception.

Hello everyone, I am trader GEGE. Continuing from the previous article, the price of Bitcoin has dropped from the previous high of around 73800 to around 60800, a drop of $13000. Is this a bull turning back or the end of the bull? There are still halving and interest rate cuts to come. This pullback can be considered a decent one since the beginning of the uptrend in January. The sudden rise without a pullback made people afraid of the rise. With the arrival of the pullback, we can better treat the market rationally.

First, let's briefly discuss the market news. Today, the RMB exchange rate has fallen, and a hedge fund has made a big purchase of bullish options on the USD against the RMB, vowing to protect the strong position of the USD in the exchange rate. The US can't help but make a move. The US has already fallen into a quagmire, and the position of the USD is not what it used to be. The Federal Reserve has been patching up the holes, but with the holes getting bigger, they can only find another way out. Bitcoin has become their chip for reshuffling, and the birth of Bitcoin is to establish a new financial system. Perhaps in the future, it will reflect its original purpose. Is it good or bad? It needs time to verify. After all, the US's intervention may make Bitcoin's original intention no longer exist.

Regarding the market, if we follow historical patterns, seeking a sword in a boat, if this pullback reaches 30%, then the 60000 line will not be the bottom. The super strong support is at the 57700 line. If this line is also broken in the future, the drop will escalate, causing super panic to reach the bottom. The market's expectation for a 30% pullback is the highest. Therefore, according to the principle of counter-market consistency, another situation is to bottom out in advance. Using 60000 as the boundary, perhaps it will quickly rebound to the 59500-58500 line.

First of all, if the expectation of a bull market still exists, institutions will not let the market have very low chips. I personally tend to the latter, provided the bull is still there. This bull market is different from the past. The timing and factors that create a big bull are not in place, so we need to treat it cautiously.

Although it is different from the past, we can only predict based on historical cycles and trends. The high point of the last bull market was around 69000, and the bottom of the bear market in 2022 was around 15000. The bottom of the bear market is close to the price of the previous bull market's peak. So, if this big bull starts, the minimum peak of the bull should be around $200,000 to reach the bottom price of the bear market near 69000. Therefore, if the expectation of a bull market exists, the current market is just an appetizer. Of course, history is always surprisingly similar, but it will not simply repeat. What I want to express is that this may be a feint attack. The deep squat before the halving may be very bloody. In any case, we must treat it cautiously, scientifically plan our positions, and follow the trend. Do not wait for a money-making market to appear when you have no bullets.

As for short-term operations, try to choose the entry time based on the changes in the intraday candlestick chart. For Bitcoin, use the previous low of 60800 as the boundary. The downtrend can be tested with trend orders in the 60000-60800 line. If there is a virtual break below 60000, you can test the trend orders in the 59500-58500 line. For Ethereum, use 3000 as the boundary. Test the trend orders in the 3030-3080 line. If there is a virtual break below 3000, test the trend orders in the 2930-2980 line. More operations should be based on intraday trading. Note: Once the market entity breaks the above prices, participation should be cautious. Today's article ends here. See you next time. For more real-time advice on Bitcoin and Ethereum, find GEGE. Suggestions are for reference only. Manage your risk when entering the market, and manage your profit and stop-loss spaces on your own. Specific strategies should be consulted based on intraday trading.

Year after year, the flowers are similar, but the people are different. The same market is experienced by different people, and the same ups and downs are felt by different people. Those who borrow experience rather than purchase experience are the luckiest here. Missing out is for a better encounter next time, and frequent missing out is to avoid meeting again! At any time, half of the market's ups and downs become the joke of the other half. People always have some expectations. Investment is to make dreams come true!

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

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