Greed, fear, hesitation, a sense of luck, overconfidence, and other common human weaknesses are prevalent among investors. Investors must never underestimate their weaknesses or overestimate their abilities; almost every mistake is caused by their own weaknesses. In a sense, the number of human weaknesses determines the extent of profits and losses.

Hello everyone, I am trader Gege. Continuing from the last discussion, the recent market fluctuations are as I mentioned; for short-term trading, do not expect news, especially from Chuanzi, whose statements change daily. Listening to him will not help you in short-term trading. Recently, the internal focus has been on long positions, and this wave of rebounds has seen several successful short-term longs. Trading should not be overly complicated; keep it simple and use methods that suit you to trade familiar markets.

As mentioned earlier, the W pattern of Bitcoin on the 4H level has perfectly unfolded. Auntie also mentioned that as long as it breaks above the 1500 line, it will continue. Internally, we are firmly looking at 1660 above for long positions above 1500, and the market has perfectly validated this; it cannot be shown here, but you can check other positions. Today is Monday, and as per the usual practice, let's first discuss the technical aspects of Bitcoin.

The weekly level of Bitcoin currently aligns with previous predictions. If today’s closing is above MA7, then the focus for this week will be on whether it can stabilize above it, which corresponds to the opening price. If it stabilizes, then as long as it breaks the previous K or MA30 this week, it will reach the middle track. Conversely, it will continue to operate around the large box and retest the opening price of the previous K or even the lower Bollinger Band. This is the current thinking for the weekly chart; the overall direction has not changed, and the key positions mentioned earlier have not been broken, so the overall directional view remains unchanged. The daily K line is above the middle track, but the resistance near MA60 above is also near the previous high, which is a hurdle for short-term bulls and needs to be closely monitored. Below, we have the previous K low and the middle track, corresponding to the price range of 83000-82500. If the pullback does not effectively break below this area, we will continue to look for rebounds above it. If it can break above MA60, then the next key resistance area is around 88000-89000. For short-term trading, follow the trend and mainly look for long positions on pullbacks, as long as the pullback does not effectively break the aforementioned support, you can enter; if it breaks, then abandon the position, do not participate, or stop-loss and retreat.

Auntie’s weekly level has closed with a pin bar, focusing on the area near MA7. Whether it can break and stabilize is crucial for the continuation of the bullish trend and can also be seen as a major dividing line in the short term. The daily K line has risen above the MA7 that has been suppressing the market; next, we will focus on the middle track and the area near MA30 above, while below we will see if the support of MA7 can continue to hold. The 4H level is currently testing the resistance that has been broken multiple times before; if it can break through and stabilize, we can optimistically look towards the EMA200 area. If it faces resistance again and pulls back, as long as it does not break the support at 1600-1550, we will continue to look for upward breakthroughs, provided that the short-term support is not effectively broken. The short-term thinking for Bitcoin and Auntie has been clarified, so we should execute based on this thinking and ensure proper risk control. If the support breaks, do not cling to the position; redeploy the plan, as the recent market has been experiencing frequent roller-coaster fluctuations. It is essential to observe carefully and wait for market confirmation before taking action.

Short-term Bitcoin: Long at 83500-82800

Short-term Auntie: Long at 1600-1570

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 regarding Bitcoin and Auntie, find Gege.

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

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