If a wave of market movement affects your emotions, then your focus should be on how to control your emotions, rather than on the market that influences them. Only in this way can you rationally and clearly understand your current situation. In a market that suits you, find the right rhythm and earn your own profits.

Hello everyone, I am trader Gege. Continuing from the previous article, if you followed the short-term strategy, especially with the altcoin, you should have achieved a good result (2950-2920). The market rebounded at 2930, and it is currently testing the boundary mentioned earlier, so further observation is needed in the short term. Bitcoin has also reached the 123000 line as expected. Those who bought during the pullback should know what to do next; maintain your defense and manage risk, as this is a left-side trial position, and I won't elaborate further here. If it breaks through again, then the next position to watch is the 131000 line mentioned earlier.

There isn't much to say about Bitcoin's technical aspect right now, and I don't have a strong desire to update the article today. In such a market, more time should be spent on practical trading to earn USDT. Let's briefly discuss it. Currently, Bitcoin's price keeps hitting new highs, with no historical K-line to reference, making it impossible to predict the price or find support and resistance as before. In this situation, focus more on the integer levels and market sentiment.

Many new institutions are buying, and we keep seeing news about who has increased their holdings of Bitcoin. The influx of new institutional funds is driving the rise of Bitcoin, and the price makes it difficult for small investors to participate. The subsequent story is that the large structure consumes the small structure. If the current market is in a crazy bull phase, also known as the bull tail market, we need to be more rational. The continuous rise without pullbacks in a crazy bull phase can easily lead to confusion, and the final washout will be even more brutal. When you don't understand, be cautious and trade less to keep your account alive; opportunities will always be there.

I personally estimate that this round of non-pullback rise may be preparing for the interest rate cut before it lands, first pushing the price to a certain height. When the interest rate cut happens and the market begins to pull back and adjust, the price for the market to pick up chips again will not be low, perhaps not below 100,000. Simply put, they don't want the market to pick up low-priced chips to facilitate better harvesting later. Today, I will mention a few price references for Bitcoin. First, let me reiterate, for those who bought during the pullback at the 123000 line, maintain your defense and manage risk. The prices to watch are 123000, 131000, 141800, and 153300. These are the positions I think can be focused on in the future.

The short-term strategy for the altcoin remains as mentioned earlier, as the key boundary is still being tested. The market's confidence in its rally has diminished significantly. Will it take an unexpected turn? Let's observe as we go.

The suggestions are for reference only. Ensure proper risk management when entering the market, and manage your profit and stop-loss space accordingly. Specific strategies should be based on real-time conditions; feel free to consult.

Alright, friends, we will say goodbye until next time. I wish everyone continued success in the crypto space! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions on Bitcoin and altcoins, find Gege.

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

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