The market is an emotional machine, but you cannot be a part of that machine.

The 95-year-old stock god Buffett takes his final bow, leaving us with his last letter to shareholders, sharing four life insights: 1. The second half of life can be more exciting; there’s no need to blame yourself for past mistakes. Learn from them and look forward; it’s never too late to want to improve. 2. Find suitable role models to follow; learn from those you aspire to be like. 3. Success is not about being rich, famous, or powerful; it’s about making the world a better place by helping others. True greatness lies in kindness. 4. Remember, the chairman and the janitor are both human; you are equal in character.

Hello everyone, I am trader Gege. For insights on the big cycle and bull-bear perspectives regarding Bitcoin, you can refer to Gege's previous thoughts. Today, I will briefly discuss the short-term technical outlook for Bitcoin. Let’s start with the weekly level. This week, it is currently oscillating around the $5000 range, and the candlestick pattern has not changed much. The key point to note on the weekly chart is the MACD double line death cross, which is worth paying attention to. If it can turn upward above the zero axis and cross while accompanied by a decrease in volume, the bullish rebound space will be better. At this stage, it still needs to release, so short-term rebounds should be approached with caution. The $110,000 level is a major dividing line above; a strong bullish breakout and stabilization are needed for better continuation. Look at the trend direction in the big cycle and find points in the small cycle.

On the daily level, the overall candlestick pattern is still in a downward channel. Gege hopes the market oscillates a bit longer; only by solidifying the support can the subsequent rebound space be better. After the previous candlestick closed as a solid bearish line and briefly broke the MA7, it did not continue intraday but instead regained most of the decline. Currently, it appears this way, and the key is to wait for the daily close to confirm. In the short term, since the downward channel structure has not been broken, we will continue to look for low-level oscillation adjustments. On the 4-hour level, narrowing the view a bit, from the previous low to the current candlestick structure, it can be seen as a channel of oscillating upward. Therefore, in the short term, rely on the support of the lower trend line to enter long positions. If it breaks, we need to retreat and wait for the $101,000-$100,000 range. There’s not much to say about the current technical situation; we will wait for the structure to break before reanalyzing. The key point of today’s article is that $110,000 is a major dividing line that needs to be focused on in the future, also known as a watershed. In the short term, Gege hopes the market oscillates at low levels to solidify the bottom. If a violent surge occurs, be cautious of potential selling by major players.

Short-term Bitcoin: Enter long at the $104,000-$103,800 range, looking for a $2000-$3000 gain.

The suggestions are for reference only. Ensure proper risk control when entering the market, and manage 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 continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today’s brief update ends here. For more real-time advice, find Gege.

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

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