Perhaps, you have rejected countless temptations of fluctuations, just to wait for that uncertain breakthrough. Even if the long-term range has been brewing, the short-term wait will definitely be one-sided. Time has become the biggest cost, patience is all the preparation, the financial market is forgetful, there is no permanent one-sided trend, entrepreneurship is always easier than maintaining a business, trading is always more practical than waiting, the market is not an opportunity that comes with waiting, but luck that comes prepared after trading!

Hello everyone, I am trader Gege. Continuing from the previous article, the market for Bitcoin has entered a wide range of fluctuations, unable to break through the resistance above or the key support below. The article has also been on hold for some time. In the previous article, I mentioned that I firmly believe in a target of $40,000 to $42,000 for Bitcoin, which is currently only $3,000 to $5,000 away from the current price. Let's first talk about the technical aspects and then discuss my views.

Looking at the weekly chart, last week's candlestick closed without breaking the previous high, instead retracing to the $34,400 level with a candlestick that had a lower shadow. The Bollinger Bands are in an open state, the 7-day moving average is extending upwards, and the technical indicators are still biased towards the bullish side. The overall trend has not changed much. The key is to observe the market this week and next week. If it continues to maintain a high-level fluctuation without breaking through, then a temporary top in the subsequent market is likely to appear. Once a breakthrough occurs, then $40,000 to $42,000 will not be a problem. Because if the market continues to fluctuate in the range of $35,000 to $38,000, the probability of a subsequent retracement will increase from a technical and market sentiment perspective. So the key time point is approaching. Once the breakthrough of $38,500 is completed and stabilized, the next key resistance level will be around $42,300. I believe we won't have to wait too long to see the result.

The daily chart is also in a bullish trend, with several retracements not breaking the middle Bollinger Band. Looking at the Bollinger Bands, it is still in a complete upward Bollinger channel. The technical structure still favors an upward push towards the previous high, so the current operating strategy remains unchanged, still bullish. For trend trading, it is recommended to enter long positions steadily at the $36,600 to $36,300 level, or aggressively at the current price of $37,300 to $37,000. First, watch for a breakthrough of $38,500, then look for $40,000 to $42,000. Friends who follow the trend should plan and control risks on their own. Today's article ends here. See you next time. For more real-time advice on Bitcoin, please find Gege. The advice is for reference only. Enter the market with proper risk management. Profit space and stop-loss space should be determined by yourself. Specific strategies can be consulted based on the current market conditions.

Analysis is always auxiliary, and strategy is the basis for profit. For technical analysis, there is no right or wrong. Key turning points can easily become the turning point of the market or help extend the trend. However, in trading or closing operations, we must be decisive, persist in the right direction, and when the direction is wrong, adjusting the strategy is progress, and changing course is profit. The road may be rough, but following the market's guidance can always lead us to clarity.

Many individual investors are unable to enter the trading door, often simply because they lack a guide. The problems you ponder over can often 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 are publicly available in the social circle, with guidance from experienced traders. There is also a 18-hour online market analysis and operation guidance group. Welcome to scan and add for real-time guidance. Note! The contact information below does not belong to me!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。