Whether going long or short, there is a possibility of making money, except for the greedy. If you want to invest, you need to block out excitement, at least not be excited at the wrong time. Emotions play a crucial role in all trading.

Hello everyone, I am trader Gege. Continuing from the last time, Bitcoin had a strong V-shaped rebound on Monday, testing the 106,000 line, and returning to last week's level. Perhaps some people can't help but sigh that the price hasn't changed, and their positions are gone. Trump knows how to play; the U.S. stock market was closed over the weekend, and then bombs were dropped. On Monday, Israel announced a ceasefire, with military and ammunition costs being covered by the crypto market's retail investors. The news around war is truly unpredictable; it can stop or escalate at any moment. Those official statements are also vague; ultimately, the crypto market is too small, a market dominated by strong players, making manipulation costs low.

There is an expectation for a rebound in the market, but it has exceeded expectations. However, the long positions of Bitcoin and Ethereum still have a good outcome. Let's continue discussing the technical aspects of the market. The weekly chart for Bitcoin and Ethereum has reached the critical position mentioned yesterday, so we need to observe whether it can break through and stabilize. Bitcoin's daily chart has formed a solid bullish candle, testing near the middle band, which is also close to the opening of last week's continuous decline. This is a point that needs attention in the short term. A market that rises in conjunction with news needs correction and adjustment to be a healthy trend. If it continues to rise without adjustment, the bullish trend won't last long; this is a technical perspective. Of course, there is also the possibility that the main players are observing the market's weak sentiment and forcefully driving up prices to wash out some of the bullish positions. Therefore, medium to long-term players should observe more in the short term.

On the 4-hour chart, the candlesticks have continuously formed high-position doji patterns, which can be referenced as resistance for now. As for support below, since it has returned to previous levels, the earlier short-term support can also be referenced. There isn't much to say about Ethereum's technical aspect; after such a rise, Gege interprets it as strong from a technical perspective, but there is also a probability of correction, so let's wait for the market to move for another two days before making detailed estimates.

Bitcoin short-term: 106,000-106,600 short, 103,500-102,800 long, looking at a $2,000 range.

Ethereum short-term: 2,460-2,480 short, 2,350-2,320 long, looking at a $100-120 range.

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

Alright, friends, we will say goodbye until next time. I wish everyone success in their trading 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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