Trader Gege: 4.1-4.2 Bitcoin and Ethereum Market Analysis As expected, a rebound is coming. Don't panic as the news is about to land.

CN
1 day ago

The reason we pursue the market is not for entertainment after meals, but for the desire for victory. The reason we exhaust ourselves is not to show off, but to hope to improve ourselves and our original lives. Since victory is so difficult, why do you still persist? What exactly are you trying to achieve? What have you gained? If you have gained nothing, then please stop and think carefully about where you went wrong. Direction, mindset, risk control? Attitude? Stubbornness? Or locking positions? Or following the wrong people? Think clearly about these before deciding how to proceed!

Hello everyone, I am trader Gege. Following up on the previous article, the short-term strategy should have yielded a good result. Regarding this week's expectations, yesterday's article has already mentioned that the negative sentiment from the news has been digested, and there is no need to panic too much about the market after it lands. The overall strategy for this week remains unchanged, and today I will briefly update the technical analysis.

Bitcoin retraced from the 83900 line to the 82200 line yesterday, and today it retraced from the 84500 line to the 82500 line. The market trend aligns with yesterday's long and short strategy positions. Currently, at the daily level, the middle track, MA7, and EMA200 coincide at this line, forming a short-term resistance boundary. Once it can break through completely, it will test the upper track and the previous high, so focus on this line in the short term. Looking at the current K-line pattern, if it maintains until the close and a bullish candle is confirmed, I will continue to be optimistic about a rebound tomorrow.

At the 4H level, the K-line has consecutive bullish candles testing the upper track. Although the US stock market opened low, it quickly recovered, indicating that the market's panic about the news has mostly been released. In the short term, we can maintain a strategy of buying on dips. The daily level is currently testing MA7; if it can break through, we need to pay attention to the resistance near the middle track and MA30. The middle track corresponds to the upper edge of the previous small box. The overall technical analysis currently follows Bitcoin and is favorable for bulls. As long as the small resistance zones above are broken one by one, it should not be a problem to return above 2000, so focus on the aforementioned daily resistance levels in the short term.

Short-term Bitcoin: Buy at the 83500-83000 line. Sell around 86200 with a 200 USD range, and if it breaks, sell at around 88000 with a 300 USD range.

Short-term Ethereum: Buy at the 1850-1820 line. Sell around 1970 with a 20 USD range, and if it breaks, sell at around 2070 with a 20 USD range.

PS: Try to activate the strategy only once.

The suggestions are for reference only. Ensure proper risk control when entering the market, and manage your profit and stop-loss space accordingly. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto 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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