Water can be dried but not deprived of moisture, and fire can be extinguished but not deprived of heat. The pioneers are always ahead, and the forward ones are always lonely. It is fortunate to be understood by others, but not being understood does not necessarily mean misfortune. Those who completely rely on others' understanding for their own value often have no value. Whether it is life or trading, investment is a manifestation of human nature, a mirror reflecting everyone's attitude and human nature. People always choose to believe after the end, rather than choosing to believe first.

Hello everyone, I am trader Gege. Following the previous article, I haven't updated for a while and have been busy every day. At the same time, the overall market has been fluctuating as expected. Yesterday, it broke through the $48,000 mark. Since this critical price level has been reached, I will briefly update today.

First, let's talk about the previous strategy. The trend of BTC suggested buying at the $40,600-$40,800 level and looking for a new high. I believe friends who strictly followed this strategy should have gained a lot of profit from BTC. There will be major news announced at midnight today, so I will not give my technical analysis in today's article, but rather interpret the market sentiment.

First of all, let's talk about the emergence of false news again, which led to a sudden drop of nearly $4,000 in BTC after breaking through the $48,000 mark. In fact, there is no need to be surprised. The financial market is always full of operations and lies. Think about it carefully, isn't the real society the same? So, don't be shocked. We need to face this market calmly and make our own plans and risk controls. The specific reasons and results are well known to everyone, so I won't go into details. Let's get back to the market situation.

Regarding the trend of BTC, for now, I still maintain my previous view. The $40,600 level is the watershed for long and short positions, and it is also an important dividing line. The $48,000 level is the 61.8% golden ratio, so we need to pay close attention to it. Regardless of whether the ETF is approved or not, I believe the market needs to enter a period of adjustment. After all, the continuous rise since the end of September to the present has lasted for more than three months. There is no eternal rise, nor eternal fall, and no eternal existence, as I often say.

With such a major news event approaching, it is inevitable to see violent fluctuations in the market. The main players will definitely cooperate with the news to create chaos and conspiracies, so we also need to be cautious. As for the expectation of the future direction, I am looking at a period of oscillation, retracement, and adjustment. In the short term, if approved, there will be a final round of bull trap. If delayed, it means the expectation is still there, and there will be an oscillation to trap bulls. If directly rejected, it means the market has peaked.

Let's talk about the first two scenarios. In the case of a bull trap, the key focus will be the $48,000-$49,000 level. I think the main players will rely on this range to create chaos. After the bull trap, there will be a period of oscillation and decline for about 1-3 months. If it is the third scenario, then there is nothing more to say, it will be a direct decline. The key point is to see if the $40,600 level can be held. If not, I think there is a high probability of retesting the support level of $34,000-$32,000. In short, after the news is released, we can expect a period of oscillation, retracement, and adjustment for the next three months. As for the bull market, we will observe and predict based on the market later. Currently, this is my prediction after the news is released. Friends who agree can refer to it, and those who don't can just take a look. For short-term and trend trading, I will not give any advice today. I will update the article after the news is released. This is the end of today's brief update. See you next time. For more real-time advice on BTC, please find Gege.

The time when the article was not updated, many friends urged me to update. Thank you for your support all the way. When I have time, I will update, and you can find me for more timely views. 2024 has begun, and we will cross the bull and bear markets together. I wish everyone has the capital for a laid-back freedom. See you next time!

If the direction is wrong, efforts are in vain. If the market makes you angry, it means you still lack the ability to control it. When it's volatile, you want a one-sided trend, and when it's one-sided, you want a reversal. Your habits will be your biggest weakness. Don't always go against the market. Summarize more experiences. Temporary losses don't mean anything. Experience comes from accumulation. An excellent analyst will help you avoid many detours.

Many individual investors are unable to enter the trading door simply because they lack a guide. The problems you ponder over may be easily solved with a single pointer from an experienced person. Daily real-time market analysis of BTC, ETH, BCH, LTC, EOS, XRP, DOT, and other currencies is publicly available in the circle of friends, and there is also a group for experience exchange. There is 18-hour online market analysis and operation guidance every day. Welcome to scan and add for real-time guidance. Note! The contact information below is not mine!

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