Trader Gege: Analysis of Bitcoin and Ethereum Market from April 23 to April 24. Will Bitcoin cross the 95 hurdle and return to one hundred thousand?

CN
1 day ago

Not everything has right or wrong, not every fluctuation has profit. Just do what you are good at, only wait for what you believe in. The market is like a mirror, showcasing everyone's personality vividly. Time will score everyone, and you must learn to accept it. A good trader must understand the twelve-character rule: patience, discipline, courage, willingness to let go, trend, and gratitude.

Hello everyone, I am trader Gege. Continuing from the last article, I want to mention that perhaps when you read the previous text, you felt that the price differed from what was mentioned in the article. This is because when I finished writing the article and was about to publish it, the market surged directly. At the time I was finishing the article, Bitcoin had just broken through 90,000, around 90,500, and Ethereum was around 1,670. The article's thought process was already completed, so I did not make any changes. Over the years, I have updated many articles, and each one has a trace to follow. Right is right, wrong is wrong; I will not delete articles. Recent thoughts can be reviewed in previous articles.

I have mentioned before that Gege's articles not only contain strategy points but also personal thought directions and operational logic. Therefore, I suggest fans who refer to the articles for trading to read the thought process a few more times, then combine it with the strategy points. More importantly, find a method that suits you during live trading. I hope my followers have smooth trades and can earn profits. Today, I will briefly update the article because Bitcoin has reached the key short-term position mentioned yesterday, which requires further observation.

The previous article mentioned that if Bitcoin breaks through 91,000-92,000, then the next hurdle would be around 94,000-95,000. The market is as expected, showing adjustments around the 94,000-95,000 line. The weekly trend direction still maintains the previous view. I always discuss cycles in my articles, and I will talk about bullish and bearish trends because discussing bullish or bearish without talking about cycles is not rigorous. Different levels correspond to different cycles. I still don't want to talk much about the technical aspect today, but I will briefly mention a few points to pay attention to regarding Bitcoin. First, observe whether it can break through and stabilize around the 94,000-95,000 line. If it can, then the next resistance area is at 98,000-99,000. Conversely, if it retraces, as long as it does not effectively break the 90,000-88,000 area, it can be considered a healthy retracement. After all, this wave has nearly 20,000 USD of upward space from the bottom, and retracement adjustments are a normal trend.

Ethereum's rebound touched the 1,800 line, but it is still below psychological expectations. At least I expect it to test the 1,900 line tonight or tomorrow. As long as Bitcoin can stabilize, there is still a certain expectation for it to catch up. In the short term, based on the top-bottom conversion, as long as the retracement does not break the 1,700 line, I will continue to look for upward testing. No more rambling, here are the short-term suggestions for Bitcoin and Ethereum.

Bitcoin short-term: Long at the 92,000-91,200 line, looking at 94,000-95,000.

Ethereum short-term: Long at the 1,750-1,720 line, looking at 1,850-1,890.

PS: Try to use the strategy activation only once.

Suggestions are for reference only. Ensure proper risk control when entering the market, and manage profit and stop-loss spaces yourself. Specific strategies should be consulted during live trading.

Alright, friends, we will say goodbye until next time. I wish everyone continued success in trading 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 suggestions on Bitcoin and Ethereum, find Gege.

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

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