People are in pain for two reasons: not getting what they want and not being able to let go. When heaven gives you a great gift, it always comes wrapped in heavy difficulties. Never give up your bottom line at any time. Only when the mind stands upright can life remain balanced. The wise let go to move forward, while the foolish let go in despair. The height of letting go is the degree of happiness. The premise of one's happiness is not the ability to change the world, but the determination to change oneself.

Hello everyone, I am trader GEGE. Following the previous article, the last update was on December 5th. I have been quite busy recently, so the updates have been slower, but the market is still very exciting. In the previous update, Ethereum was at the 2200 level, and Bitcoin was at the 41500 level. At that time, the recommended long entry at 41000-40600 for Bitcoin did not materialize as the pullback was limited. I mentioned Ethereum at the time, stating that it should rise to at least the 2350 level, but it failed to break through 2400 and experienced a pullback. Bitcoin stopped rising at the 44700 level and dropped 4000 points. This is a normal market; there is no market that always goes up or always goes down. There will always be plate-cleaning, and the institutions will harvest both long and short positions. I mentioned that I entered a short position at the 43800 level before the pullback. You may not believe it, but those who followed me know. Let's not boast about this; let's get to the point and analyze the market.

After 8 consecutive weekly gains, a bearish candlestick correction occurred. The MACD lines are still moving upward, but the volume has decreased, and the lines are showing signs of turning. The KDJ has also started to turn and is showing signs of a crossover. On the daily chart, as mentioned earlier, there was a need for a correction, and it coincidentally touched the midline for a rebound. According to the Bollinger Bands strategy, the upward channel of the Bollinger Bands has not been broken yet, so the support of the midline is what we need to focus on. On the 4-hour chart, there are signs of a W-shaped pattern, with the neckline at the 42000 level, so in the short term, the resistance should be focused around the neckline. In summary, in my opinion, I believe that the 40600 level is the watershed for long and short positions, or the dividing line between bull and bear markets. As long as the market does not effectively fall below this price, we should continue to look for rebounds, and even new highs. However, plate-cleaning along the way is inevitable. If it does fall below this level, the market will need to find new key support levels. In the short term, the market has tested the bottom 3 times without breaking the previous low. If it continues to stabilize around this price, it will be favorable for the bulls.

I usually rely on technical and market sentiment to judge the trend. When the market continues to rise and is filled with stories of "getting rich" and "financial freedom," it creates great anxiety for retail investors. This is when we need to be cautious. One of the characteristics of a bull market is slow rise and rapid fall, so plate-cleaning in the market is normal, as those who have experienced bull and bear markets know. If this bull market completes as expected, I hope everyone can seize this opportunity. After all, in this industry, opportunities are not lacking, but capital, knowledge, and ability are. I suggest buying on the pullback to 40600-40800 and targeting 43000-44000, and continue to look for new highs if it breaks through. Manage your risk according to your own conditions. This is the end of today's analysis. See you next time. For more real-time advice on Bitcoin and Ethereum, find GEGE.

This advice is for reference only. Enter the market with proper risk management. Profit and stop-loss levels should be determined by yourself. Consult specific strategies during trading hours.

The market comes every day, with ups and downs, and there are always missed opportunities for profit. Through all seasons, this is the charm of the market. Passion is always repeated, so hold onto that clarity in your heart, and become a kind of elegance, calm and composed, serene and far-reaching.

Many individual investors are unable to enter the trading market simply because they lack a guide. Sometimes, the problems you ponder over can be easily solved with a single piece of advice from an experienced person. Daily real-time analysis of BTC, ETH, BCH, LTC, EOS, XRP, DOT, and other currencies is publicly available in the social circle, with guidance from experienced traders. Welcome to add and get real-time guidance. Note! The contact information below does not belong to me!

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