The market is always more noise than signal; missing a trading opportunity is not a loss, and profits after exiting no longer belong to you. Not every candlestick needs to be participated in, and not trading for a day is certainly not a waste of time. Trading is a means, and technology is a tool; they both serve the purpose of "making money." Any game that deviates from this original intention is just playing tricks. No one is born to like staying up late, and no one is willing to lose sleep because of the effort and dedication to make money, which deserves respect!
Hello everyone, I am trader Gege. Continuing from the last article, Bitcoin's monthly and weekly closing saw a downward probe, followed by a strong V-reversal the next day. In previous articles, including the last one, I mentioned that the probability of a rebound after a downward close is quite high. The short-term entry point given was around 83600, and the market briefly broke below 83800, stopping the decline and rebounding at around 83780. The strategy point was slightly off, but the overall idea was correct. Of course, the strength and speed of the rebound were also beyond expectations, currently facing resistance at around 94000.
For the mid to long-term trial positions, Gege has not provided a specific level yet, as the market consensus may be too strong, and it is reasonable not to provide one at this time. The appearance of a closing pin on the monthly and weekly charts is also within expectations, but bulls shouldn't celebrate too early, as the upcoming boundary at around 95000 is a short-term focus. The reasons for this have already been discussed in the article on the 28th, so I won't elaborate further. Today's article will briefly cover the short-term situation.
On the daily level, the plunge on the 1st was followed by a direct rise at the next opening, recovering all the losses from the previous day and standing above the middle track. However, the pressure from the conversion of the rising trend line is still present, so a short position can be considered at this level. If a breakout occurs, the next boundary will be near the downward trend line resistance point, around 98000-99000. The 4H level K-line shows a W double bottom; based on the short-term pattern, 90000 has once again become a short-term support. When entering a long position, pay attention to the gains and losses at this price level; if it holds during a pullback, it can be entered.
In summary, for Bitcoin, consider entering long at the 90800-90500 range and short at the 94800-95500 range. If a strong breakout occurs, try to find support on a pullback to enter long again, while keeping an eye on the key area of 98000-99000 before considering a short position. That's all for today; I will update the article if key positions break.
The suggestions are for reference only. Ensure proper risk control when entering, and manage profit and stop-loss spaces yourself. Specific strategies should be consulted in real-time.
Alright, friends, we will say goodbye until next time. I wish everyone continued success 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 advice, find Gege.
Written by/ I am trader Gege, a friend willing to accompany you in making a comeback.
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