In life, eight or nine out of ten things do not go smoothly. If faced with obstacles, one retreats; if faced with difficulties, one falls down, showing no sense of responsibility. How can one achieve success? In the trading market, many people cannot withstand the fluctuations. As soon as things do not go well, they become doubtful, dejected, and negative, expecting correct results while engaging in this erroneous way of thinking and behavior every day.

Hello everyone, I am the trader Gege. Continuing from the last article, it turns out that Trump really knows how to stir things up. First, he released a result that was within expectations, then the market surged, especially Bitcoin, which directly reached the previous high and touched the upper band of the daily chart (this was also anticipated in the article). Later, he backtracked and released a result that exceeded expectations, even doubling down, leading to a direct waterfall drop in Bitcoin, crashing over 6000 US dollars. Trump is truly a madman; in order to make the Federal Reserve yield, he has gone all out. Therefore, in yesterday's article, I suggested that for short-term trading, it’s best to stay out of the market and not try to catch the news-driven market movements; just observe. Even if you say you shorted at the top in the early morning, I won’t envy you; that’s your understanding, not mine. Try to only engage in market movements that you can comprehend; a gentleman does not stand under a dangerous wall.

After the washout in Bitcoin's market, do you feel a bit confused? In fact, there is no need to over-interpret the short-term impacts brought by the news. From a technical perspective, the current fluctuations are still within the expected range. Previous articles have detailed the overall structure and expectations; we are still in the oscillation phase of a large box structure. As long as we haven’t broken out of this structure, there’s nothing to be confused about in the short term. Just continue to follow the guidance and framework of the technical analysis.

Bitcoin's daily K-line has fallen back below the MA and the middle band. Therefore, in the short term, continue to pay attention to the resistance at this small boundary. The lower short-term reference remains the previously mentioned 81000-80000 range, which is the central support of the large box structure. If it effectively breaks down, then refer to the lower edge nearby; if it doesn’t break, you can try to enter for a short-term trade, just arrange your position reasonably. Since the technical analysis indicates support and resistance, we can attempt to intervene. Whether it breaks or not, you must know what you are doing and how to proceed. For example, in the previous long position, it was emphasized that if the low point breaks, do not participate; it’s the same reasoning.

In the previous article, I suggested that the short-term long position at 1850 could be held, and it rebounded above 1950, yielding a space of 100 US dollars. The short-term results were still achieved. From a technical perspective, the daily chart tested the middle band and fell back, once again dropping below MA7. In the short term, continue to pay attention to the resistance near MA7, with the major boundary near the middle band. Currently, the market has slightly broken the previous low of 1750. Although it is a slight break, the technical analysis is weak, and there is a probability of continuing to break down and create a new low. The major support below is at the 1500 level. Of course, if you want to try, it’s just a slight break; you can set a good defense. You can enter near the current price of 1760 with a small protective stop.

Short-term Bitcoin: Long at the 81300-80700 range; if it breaks 80000, long at the 78000-77000 range. Short at around 84000 with a 500 US dollar range; if it breaks, short at around 85000 with a 300 US dollar range.

Short-term Ethereum: Long at around 1660 with a 20 US dollar range; if it breaks, long at around 1500 with a 30 US dollar range. Short at around 1850 with a 20 US dollar range; if it breaks, short at around 1900 with a 20 US dollar range.

PS: Try to use the strategy activation only once.

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

Alright, friends, we will see you next time. I wish everyone continued success and smooth sailing in the cryptocurrency 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 the trader Gege, a friend willing to accompany you in your resurgence.

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