There are four realms of trading: First: not knowing what you don't know, Second: knowing what you know, Third: knowing what you don't know, Fourth: not knowing what you know. Here, the so-called knowing refers to one's own boundaries, which is also the foundation of trading. For example: when judging and entering a certain position, one must have a very clear logic. When the underlying logic hasn't changed, there's no need to have a different thought every moment; being fickle will only lead to confusion.
Hello everyone, I am trader Gege. Continuing from the last time, today is Sunday, just a brief update, and I will discuss in detail after the weekly close. The Bitcoin market is as expected, testing the boundary area of 85000-86000 without stabilizing. After the weekend's fluctuations, it has once again moved downward, giving a short-term signal to enter short around 84500-84800. The market is falling below the key resistance level, and the current price has returned below 83000.
On the daily level, it is currently testing MA7. Once it breaks below, the market will test 80,000 or even lower again. The short-term key above lies near EMA200 and the middle track. We can continue to monitor this position to judge whether it breaks through. The recent market is likely to maintain a large range of fluctuations for a while. If a strong upward breakout occurs above the key levels, it will bring a small reversal that changes the current situation.
The 4H level candlestick has shown a door-opening pattern, breaking below the support of MA and the middle track. The new short-term support to reference downwards is near the lower track, which is also the support point for the previous K-line's consecutive upward movement. If this area is lost again, it is highly likely that a double bottom will appear above. For those looking to short in the short term, they can reference the resistance near the 4H MA60. The market can be entered below it, but if it breaks through, do not participate, with price references around 83500-83800.
Ethereum has once again returned to the box, facing resistance below 1960 once more. There’s not much to say; in the short term, Gege still maintains the previous thought. If the box is not broken, do not participate, because approaching the box's tail market, even if missed, there’s nothing to regret. After all, the high selling and low buying during this period have been very comfortable, and the market makers will not let you be this comfortable all the time, that’s all. The box of 1800-1960 is not broken, and the article does not provide specific short-term advice.
For Bitcoin, the short-term suggestion is to buy around 81600-80800. Ethereum continues to observe.
The suggestions are for reference only. When entering the market, ensure proper risk control, and manage profit and stop-loss spaces on your own. Specific strategies should be consulted in real-time.
Alright, friends, we will say goodbye until next time. I wish everyone more 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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