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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