Whenever successful people often have to go through a dark period with no support or help, and this period is precisely the key stage of self-precipitation. Like the darkness before dawn, if you hold on, the day will brighten. The so-called excellent horse does not have to be the fastest, but it must have the best endurance. You can complain, but you must endure, accumulate strength, wait for opportunities, so that life will have hope.

Hello everyone, I am trader Gege. Continuing from the previous article, the resistance at the 67,000 level and the long entry strategy at the 64,500 level for Bitcoin were provided in the previous article, and both long and short strategies were given. The short-term gains were quite good. The recent market has continued to be weak and volatile, and has broken out of the downward channel. The Fed's reluctance to loosen monetary policy, coupled with some hawkish remarks, has led to a lack of incremental funds entering the market, with more of a wait-and-see attitude. Let's briefly discuss the Bitcoin market from a technical perspective.

I won't talk about the weekly level today, as the risk still exists. As mentioned earlier, pay attention to the support at the weekly midline in the short term, and the market has rebounded around the midline. Looking at the daily level, if today's candlestick can close as a solid bullish candle, it will form a morning star pattern. As long as it does not fall below the opening price of the day, there will be a bottom rebound. Otherwise, it will seek new support, so this candlestick needs to be closely watched, and there is still some time before the close. At the same time, pay attention to the fast and slow lines of the MACD. If it can complete a turnaround and break through the 0 axis along with the candlestick pattern, the probability of a bottom rebound will be high, and it will be an opportunity to open long positions. Be sure to pay attention to the points mentioned above and observe for yourself.

The 4-hour candlestick continues to maintain a downward channel, just testing the 66,000 level again, and was resisted and retraced at the 66,400 level. This is reasonable, after all, this is the resistance of the bottom reversal and the resistance of the downward trend line, and the 60-day moving average has also formed suppression. This was also emphasized in the previous article, so the 66,000-67,000 level is still a key focus in the short term. If the market can break through and stabilize in this range, then it can be expected to test the resistance at the 68,000-68,500 level.

For short-term suggestions for Bitcoin, it is recommended to enter long positions at the 64,800-64,500 level using the opening price of the day as the entry point. If the solid candle falls below the 64,200 level, abandon the long positions and enter short positions, targeting the 63,000-62,500 level. If this level stops falling, switch to long positions. Suggestions are for reference only. Pay attention to risk management when entering the market, and determine profit and stop-loss levels on your own. Specific strategies should be consulted during trading.

Well, friends, we have to say goodbye for now. I wish you all the best and smooth sailing in the cryptocurrency world! More real-time advice will be sent internally. Today's article ends here. For more real-time advice on Bitcoin, find Gege.

Life is like a journey, it's not about the destination, it's about the scenery along the way, and the mood to see the scenery. There are no bad people in the world, only bad attitudes. What kind of attitude you have determines what kind of thinking and behavior you have, what kind of environment and world you have, and what kind of future and life you have.

By/Trader Gege, a friend willing to accompany you to start over

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