“You can never really understand a person until you consider things from his point of view… Until you climb into his skin and walk around in it.” This quote is from Harper Lee's "To Kill a Mockingbird."

The prejudices in people's hearts are like a mountain that cannot be crossed. It is a sin to kill a mockingbird; it does no harm, it only sings. It is the rumors, biases, and malicious words that are the guns that kill the mockingbird. Socrates once said, “The only true wisdom is in knowing you know nothing.” Only when a person recognizes the limitations of their own understanding can they strive for progress.

Upon reflection, our understanding of the market is sometimes just a form of bias, a self-assured belief in our knowledge, while the truth, as San Mao said, is that your hundred interpretations of me may only reveal the tip of the iceberg of my true self.

Trading is an industry with a low entry threshold but particularly high comprehensive requirements, and it is an uneven world where the winner takes all. Therefore, to know the way up the mountain, one must ask those who have come before. We often hear that the greatest truths are the simplest, but behind simplicity lies a multitude of details, and practical operations rely on these various details. Extreme simplicity after extreme complexity is like softness turning into hardness; without experiencing complexity, how can one handle simplicity?

Hello everyone, I am trader Gege. I tend to ramble a bit at the opening, so let’s return to the technical side and take a look at the market for Bitcoin. Yesterday, Bitcoin provided a short-term movement of around $2000. The trend points have not yet been executed, so we can continue to wait.

Today, the daily chart for Bitcoin continues to maintain a weak trend. If it breaks below the EMA200 line, there is a probability that the market will accelerate. The K-line may close with a pin bar indicating an oversold rebound, so do not chase the short; wait for support confirmation before going long. The 4-hour Bollinger Bands are opening downwards, and the indicators are also leaning towards bearishness. The more all levels of indicators are bearish, the more cautious one should be, as there may be a quick rebound. The daily chart for Bitcoin has a probability of forming a double pin bar, which means it may rebound without breaking the previous low, or it may fake break the previous low and then rebound. Currently, in short-term operations, we should try to test the waters.

The trend for Bitcoin is still valid and can be referenced. For short-term trading, consider going long at the 84500-83800 line, looking for a $2000-$3000 gain. For Ethereum, consider going long at the 2350-2320 line, and also at the 2230-2200 line, looking for an $80-$120 gain.

This advice is for reference only. Please manage your risk when entering the market, and control your profit and stop-loss space accordingly. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone success and smooth sailing in the cryptocurrency world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin and Ethereum, find Gege.

Written by / I am trader Gege, a friend willing to accompany you in your resurgence.

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