Trader Gege: Analysis of Bitcoin and Ethereum Market from May 9 to May 10 Bulls are in high spirits Long-term positions in Bitcoin are being realized Latest short-term prediction sharing

CN
6 hours ago

The market is turbulent, with ups and downs in both long and short positions. Each low and high point presents new opportunities and traps. Successful investing is about consistently doing the right things; the choice of entry points and timing determines the success or failure of trades. As investors, we are merely accumulating our ability to gauge the market as we move forward. Understanding and grasping the market comes from countless practical experiences. There are no difficult trades, only markets that are hard to understand. There are too many opportunities and temptations; learning to filter and wait for truly understood trends, combined with comprehensive and reasonable position planning, and then making bold and appropriate moves, can help us seize the substantial profits brought by waves of trends.

Hello everyone, I am trader Gege. Continuing from the last article, bulls are gaining momentum, and Bitcoin surged to around 104,000. I have a habit of frequently browsing the market to gauge overall market sentiment. Before writing, I checked the sentiment; those who previously called for a bear market are now turning bullish, looking at a big bull market. Observing market sentiment is beneficial for trend trading, as it can help predict tops and bottoms. Previously, I suggested entering the market with leverage around the 78,000 line, supported not only by technical analysis but also by market sentiment, as most who were firmly bullish at that time turned bearish. My views on bulls and bears have been elaborated in previous articles, so I won’t repeat myself today; the market is moving according to my expectations and views. The updated article includes not only trend and short-term strategies but also some logical thinking, which I hope will be helpful to my followers. Of course, trading is a personal matter; different people have different insights.

This wave of unilateral price increase is indeed delightful, but more importantly, did you catch your share of the fish? I want to show off a bit because I achieved some great results internally. For Bitcoin's long-term trend, I entered at 84,000 and exited at 100,000, securing a profit of 16,000 USD. For Ethereum, I started going long from the rebound above 1500, and before breaking the range yesterday, I entered long around 1820, exited near 1950, continued long around 1975, exited near 2120, continued long around 2225, and exited near 2430. I basically captured almost the entire upward movement for Ethereum. While some were fearful of heights and shorted, I saw it as liquidating shorts, which is following the trend and going with the flow. I can't provide charts here for verification, but other positions (green bubbles) can be checked for results. The bullish sentiment has been expressed; let’s briefly discuss the market.

Currently, there’s not much to say technically. Bitcoin has broken the boundary I mentioned earlier at 102,000-100,000, so in the short term, we will use this boundary as support. The resistance area at the historical high point needs attention, as it is a high resistance point, and we should maintain a bit of caution. The short-term strategy for Bitcoin is to continue looking for an upward structure as long as the lower boundary holds; if it breaks, we will look for a consolidation adjustment. As long as the key watershed mentioned earlier remains effective, the overall structural direction will not change. Ethereum on the 4H level has a demand for correction, but I still have expectations for it to catch up, as its exchange rate against Bitcoin has a probability of reaching the 0.025-0.028 range. Let’s see if it can hold the flag and make a move over the weekend. Although I have expectations, I do not recommend chasing; wait for a pullback opportunity to re-enter. Such a rally may not provide very good entry points. Regardless, we must remain level-headed, plan reasonably, and wait for the right moment. The market is always there, and there will always be opportunities; don’t worry about missing out.

Bitcoin short-term: Enter long at the 102,000-101,300 range, targeting 104,000-106,000.

Ethereum short-term: Enter long at the 2200-2150 range, targeting 2350-2400.

PS: Try to use the strategy activation only once.

The suggestions are for reference only. Ensure proper risk control when entering the market, and manage profit and stop-loss spaces on your own. Specific strategies should be consulted in real-time.

Alright, friends, we’ll say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time advice will be sent internally. Today’s brief update ends here. For more real-time advice on Bitcoin and Ethereum, find Gege.

Written by / I am trader Gege, a friend willing to accompany you in your resurgence.

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