The market is always right. Its movements are not wrong; it is simply following its own path. The only ones who can go wrong are the traders themselves. The market rewards only those who have correct logic and can keep up with its pace.

Hello everyone, I am trader Gege. Continuing from last time, this week's important macro event is on Thursday, with non-farm payroll data to be released. The U.S. stock market will be closed on Friday. The media is starting to hype things up; regardless of the data, Trump will once again criticize old Powell. Over the weekend, Trump also stated that interest rates should be cut by more than half, controlled at 1%-2% (currently at 4.25%). Old Powell's stance is to wait for the market to test the S policy for a while before making a decision. Regarding the deadline for the S policy, Trump's comments are just nonsense, indicating that there is no need to extend it, but it can be extended. We shouldn't pay too much attention to these news items; just adopt a spectator's mindset. The current market trend relies on technical analysis for short-term trading, as the high-level fluctuations of Bitcoin are quite misleading.

Back to the main topic, on Monday, as per usual, let's first discuss the weekly level. The weekly candle closed as a solid bullish candle and broke through the MA7, which feels a bit like seeing through fog; it's just momentum, indicating a strong bullish trend. However, from the overall candlestick pattern, the current price is near the previous high resistance area. In such a situation, the main force can easily dig pits and set traps. Therefore, Gege's suggestion is to approach short-term trading with caution and raise the risk control level. A simple approach would be to enter if the price retraces without breaking the MA7 and the previous high. Additionally, if it temporarily breaks the previous high and then recovers, one can also consider entering. If the market effectively breaks the aforementioned positions, then observe and wait for a better opportunity. This is the thought process for the weekly level.

At the daily level, BOLL is in a contracted state, and we should focus on the current K-line closing situation. If the status quo is maintained, then entries can be made below the upper BOLL band. The short-term important support at the daily level is near the middle band, corresponding to a price around 106,000. Currently, market traders seem to have some doubts; it's reasonable to look for a pullback in the resistance area, but the downward momentum is limited. It drops a bit and then quickly recovers, so we still need to wait for the market to become clearer. Of course, under the premise of good risk control, Gege believes that if participation is warranted, one should participate. Even if mistakes occur, as long as they are within one's expectations, it's okay. I won't go into detail about the 4H level today; the morning saw a rise followed by a drop, with back-and-forth fluctuations. It is recommended to rely on the upper and lower BOLL bands for reference. If the main force is up to something, Gege estimates that there won't be significant market movements before the non-farm data is released.

The weekly level for Yita is currently still testing the MA7. If it cannot stabilize, it will test the middle band again; conversely, it will test near the MA60. The daily level has not broken through the middle band, and temporarily, it is supported by the MA7 and MA60 below. Here, we can observe that the K-line's horizontal support is at the 2400 level, which is an important short-term support area. The short-term thinking can be similarly referenced to Bitcoin, temporarily relying on the 4H BOLL range for entry.

Bitcoin short-term: 108,000-108,600 short, 106,600-106,300 long, looking for a $1,500 move.

Yita short-term: 2490-2510 short, 2400-2420 long, looking for an $80-100 move.

The suggestions are for reference only. Ensure proper risk control when entering the market, and manage your profit and stop-loss spaces 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 endeavors and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions on Bitcoin and Yita, find Gege.

Written by: I am trader Gege, a friend willing to accompany you in making a comeback.

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