Do not expect sudden good fortune, just hope for the rewards of hard work. Do not wait for unexpected one-sided moves, only trade with a well-thought-out plan. The market may break your heart, but it can also be more precise than anyone else. The best encounters do not dwell on the past, and the best partnerships do not ask about the return date. Perhaps the previous one-sided moves have been missed, but the long-term future is still promising!
Hello everyone, I am trader Gege. Continuing from the last discussion, the trade war is escalating, and the global financial markets are responding. As small investors, we should avoid tracking news in real-time for actual operations. Recently, multiple directions of news can emerge in a single day, which will only confuse us further. Although the market is fraught with crises, risks and opportunities coexist. There is no need to worry excessively; just participate according to your trading system. Relying on Trump's words for short-term trading could lead to being caught in a double whammy. In this mixed situation, be cautious and approach it with a sense of reverence. At this stage, do not think about the big trend; focus on short-term intraday trading to keep the account alive while waiting for the situation to stabilize.
Today, I will continue with a brief update, starting with Bitcoin. The daily level is testing the previous low again, rebounding and closing positively, indicating that there is buying interest around 75,000. The current candlestick pattern suggests a second bottom test. If it can maintain this until the close, there shouldn't be a larger drop. Tomorrow, I remain optimistic about an upward test. If the price can reach the 73,000-70,000 range, it would be a good opportunity for the bullish trend. Continue to pay attention to the previous high and the boundary near MA7 above; if it breaks, as per the old rule, look towards the short-term major boundary at the middle track. Conversely, it will oscillate and adjust below that.
At the 4H level, the candlesticks alternate between bullish and bearish, breaking through MA7 again and testing near the middle track. The overall candlestick pattern shows a W double bottom structure. Following this thought process, the key area to focus on is near the neck line, corresponding to the price range of 80,000-81,000. For short-term trades, consider entering long positions near the MA7. The short-term resistance should first focus on whether the middle track can break through smoothly, as this is the obstacle to completing the W pattern and challenging the neck line. The daily level of Ethereum is synchronized with Bitcoin's reference; the key is to see if it can stabilize around 1,500. If it can break through and stabilize, then reaching the previous K high and MA7 should not be a problem. Overall, the trend is still weaker than Bitcoin. Although the 4H level has broken through MA7, there is still a certain distance to the middle track, so the early morning trend is crucial and will affect tomorrow's situation. If it can stabilize above MA7, around 1,500, we can expect better continuation; otherwise, the probability of another test still exists. That's all for my temporary thoughts, for reference.
Bitcoin short-term: Long at 76,600-76,000 range
Ethereum short-term: Long at 1,450-1,420 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 space accordingly. Specific strategies should be consulted in real-time.
Alright, friends, we will say goodbye until next time. I wish everyone success in their 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 your resurgence.
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