Participating in a one-sided market requires courage, while participating in a volatile market requires patience. Without courage, one cannot achieve great things; without patience, one cannot accomplish significant tasks. Too many people come with hope and leave with despair. It's not that the market is mocking you, nor is it that your courage is lacking. The market is both a meat grinder and an ATM; this is the essence of the market. Without competition, the market lacks vitality. In competition, there are wins and losses; to win, one must be able to afford to lose. Progressing step by step, advancing steadily, and remaining calm and composed is the way to victory!

Hello everyone, I am trader Gege. Continuing from the last article, the short-term position for Bitcoin was slightly off, but the long position still yielded some results. Bitcoin did not drop below 81,000, and Ethereum did not drop below 1,750. Bitcoin has around 2,000 USD of upside potential, while Ethereum has nearly 70 USD. A new week and a new quarter are about to begin, and there are two key points in the news this week that we need to pay attention to. Let's briefly discuss the news.

On April 2nd, which is Wednesday, the final announcement regarding the tax policy will be made, followed by the non-farm payroll data on Friday. This timing is quite important because the technical monthly and quarterly candles are about to close, along with today's weekly candle close, so the expected volatility in the market this week is significant. Regarding the market after the tax policy announcement, my personal expectation is that there is no need to be overly bearish, as the recent market has been digesting the negative sentiment brought by the tax policy. In financial markets, we buy expectations and sell facts; after the announcement, I actually expect a short-term rebound. This is the perspective on the news, now let's briefly discuss the technical aspect.

Before and after the closing of the monthly and quarterly candles for Bitcoin, whether it goes up or down, try not to chase it. The volatility before and after the close may be significant. From the perspective of the quarterly candle's shape, do not expect a super strong one-sided upward movement; a wide range of fluctuations is a more objective market condition. The weekly level is testing the lower boundary again, and the upper MA7 has not been broken. Next, we should focus on the boundary near MA7 and MA30; if it breaks and stabilizes, we will look towards the middle track; otherwise, it will be blocked again and continue to move within a large range.

At the daily level, the current K-line shows a bullish trend without breaking below 81,000. If it can maintain its current shape until the close, it is highly likely that the bullish trend will continue tomorrow. In the short term, we can use 81,000 as a boundary. As mentioned in yesterday's article, although the short-term is slightly weak, we cannot be overly bearish. For Ethereum, the lower boundary is still at 1,750; since it has not broken this level, we will continue to reference it. The MA7 at the daily level is a point to watch above, corresponding to the upper edge of the previous small range, which can be referenced as the upper boundary.

Short-term Bitcoin: Long at 82,200-81,700; if it breaks below 81, it will be long around 80,000 with a 500 USD margin. Short at around 84,000 with a 300 USD margin; if it breaks, short at around 85,000 with a 300 USD margin.

Short-term Ethereum: Long at 1,800-1,780; if it breaks below 1,750, do not reference it. Short at around 1,890 with a 20 USD margin.

PS: Try to activate the strategy only once.

The suggestions are for reference only. Ensure proper risk control when entering the market, 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 success and smooth sailing in the cryptocurrency world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin and Ethereum, find Gege.

Written by: I am trader Gege, a friend willing to accompany you in your resurgence.

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