Do not hide the joy and sorrow of the game, do not omit the joy of trading. At that moment, we were all very serious, still believing in the moment of indulgent laughter after the game. What about many years later? Can we still pick up the original intention? Coming for the sake of making money, but now for the sake of breaking even, investment is not a movie, there is not much so-called passion. Waiting for the perfect market situation to appear is unrealistic. This is not to tell you to settle down and stop having any ideas, but to face each day and every fluctuation with a down-to-earth attitude.
Hello everyone, I am trader GEGE. Following the previous article, today is Sunday. As of now, the market for Bitcoin has not broken through the 38500 line. As mentioned earlier, it is expected that a direction will emerge in the next 2 weeks. If it fails to break through and stabilize above the 38500 line in the next 2 weeks, the probability of a subsequent retreat will increase. One week has passed, and next week is crucial. When I make trend trades, I usually update the weekly article on Monday after the weekly closing, but today I will update it in advance. I gave a trend long position from the 34000 line early on, then added to the position at the 37000 line mentioned earlier, and added more at the 36000 line. The internal guidance has been executed, and profits have been taken, including a good harvest for Auntie (see the image, this part is not visible here, but visible elsewhere, with trend profits exceeding hundreds of thousands, exiting and taking profits). Now, let's talk about the market outlook.
Actually, regarding the future trend of the market, I have already expressed my views in the previous article and will stick to my own opinions. First, let's talk about the recent market sentiment. Some people in the market are bullish, seeing the 48000 line and expecting a bullish market, while others are optimistic about a rise after a previous drop to the 31000 line, followed by a rise to the 42000 line or even the 48000 line. In short, everyone has their own reasoning. After all, the future market trend can only be predicted, and no one can foresee what black swan events may occur along the way, unless you are a market maker, right? Let me restate my views.
From a technical perspective, the weekly trend is not bad, although KDJ shows signs of a turning point, the MACD lines continue to move upward, indicating a need for further release, the volume is also increasing, the Bollinger Bands are widening, and the moving averages are extending upward. The daily K-line chart continues to maintain a structure of continuously rising low points. So overall, the trend is not bad. The key is that the resistance above has not been broken through, and if it still cannot be broken through next week, a retreat will be observed. The tactics of the market makers may scare off the bears and attract more bulls to enter and increase their positions to complete the harvest. The key support levels, in my opinion, are the 36000 line and the 34000 line. As long as these two key support levels are not effectively broken, the bulls will likely see a Fibonacci retracement to the 50.0 line, which is the 42000 line. Therefore, the key point of the trend layout in the future is to pay attention to the mentioned prices.
In simple terms, if the 38000 line is tested multiple times without holding, the probability of holding will increase. If it still fails to hold, then the direction will change. Here is another trend suggestion: buy in the range of 36800-36300 on a pullback of Bitcoin. Our internal trend layout has already taken profits, so there is no pressure to participate in this time. For those who want to participate, arrange your positions reasonably and manage the risks properly, because the risk control will be notified internally during the trading session, and we may not be able to inform you in a timely manner. Today's update ends here, see you next time. For more real-time suggestions on Bitcoin and other cryptocurrencies, find GEGE. Suggestions are for reference only. Enter the market with proper risk control, and manage profit and stop-loss levels on your own. Specific strategies should be consulted during the trading session.
People suffer because they either cannot obtain what they seek or cannot let go. When heaven gives you a great gift, it is always wrapped in heavy difficulties. Never give up your bottom line. Only when the mind stands upright can life remain balanced. The wise let go of the present to move forward, while the foolish let go of the present in despair. The height of letting go is the degree of happiness. The prerequisite for a person's happiness is not the ability to change the world, but the perseverance to change oneself.
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