A person's sense of boundaries is knowing what can be done and what cannot be done, knowing what one does not know, and knowing what one knows. This is the boundary. Not knowing what one knows and not knowing what one does not know will make the sense of boundaries blurry, leading to overestimation or underestimation of oneself, and a lack of accurate self-assessment. With boundaries, one should try to do things that one can easily understand and solve, just like trading. If something cannot be understood at a glance and does not fit the trading system, the longer the research, the more confusing it becomes.

Hello everyone, I am trader Gege. Following the previous article, the article updated around 2 pm on the 16th suggested buying the dip of Bitcoin at 65,000-64,500 and aiming for 66,500-67,000-68,000, with a potential to reach 70,000 upon breaking through. Around 1 am on the 17th, the market retraced to around 64,600, and I bought the dip. Currently, the high point is at 67,750, approaching the second target by nearly 3,000 points. Some positions were not specified, but others can be seen.

In the new week, let's talk about the market. The weekly chart shows a solid bullish candle breaking through the short-term moving average. As mentioned before, a breakout in the closing price indicates a continued bullish view, as this type of closing is a technical positive for the bulls. On the daily chart, it seems to have already crossed above the 60-day moving average, a position we have been emphasizing. The Bollinger Bands are in an open state, and the MACD lines have crossed above the zero axis and extended upwards, indicating a bullish bias in the technical aspect.

At the same time, the 4-hour chart shows signs of a slow rise in fragmented candles, indicating a potential for a big market move. In the short term, it looks good to continue testing the upside. This week, on the 23rd, the SEC will make the final decision on the Ethereum ETF, so this uncertain factor may affect the market trend. Grayscale seems a bit uncertain, and recently there has been no sign of any organization or government department pressuring the SEC, so the probability of rejection is still high. Therefore, risk management must be done well in the recent operations.

As I write, Bitcoin is already testing 68,000. I have already taken profits from long positions internally. Friends who followed the previous article can handle it on their own. For short-term trading, it is best to rely on the support around 66,500-66,000 to enter long positions. If there is a break below, then look at the support mentioned in the previous article at 65,000-64,500 and enter the market again. The overall direction remains the same as the previous article. As long as it does not break below 64,000-63,000, the overall direction remains bullish, and aggressive friends can consider entering at around 67,500, but be sure to plan your position well. More real-time advice will be sent internally. Today's article ends here, and we will see you next time. For more real-time advice, find Gege for Bitcoin. The advice is for reference only. Enter the market with good risk management, and manage profit and stop-loss spaces on your own. Specific strategies should be consulted based on the current market conditions.

Things that can be remembered prove that they have been lost. No one can take away your pain, at most they can take you away from the painful place. In fact, the life of trading is very plain, it's just that some people make it unbearable. Don't always think that a one-sided market is oxygen; sometimes it's just a farce. Seize it, and it's an opportunity; miss it, and it's just a thing of the past.

By/Trader Gege, a friend willing to accompany you to rise again in the east.

Many individual investors are unable to enter the trading door simply because they lack a guide. The problems you ponder over may 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 is promptly disclosed in the circle of friends, along with experience exchange group guidance. There is 18-hour online market analysis and operation guidance every day. Feel free to scan and add for real-time guidance. Note! The contact information below does not belong to me!

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