When the trend comes, you must not think about fighting against it. You should follow it, because only those who follow the trend can profit. What we need to do is to discover the trend and then follow it. As long as you don't fall behind, at least you can have some gains. The market contains countless wealth, and every investor comes to the market for profit. The real money makers are always a small number of people, while most people bury their capital in the market and pay tuition fees. This is understandable, but you must not lose confidence or the capital to start over. So when you enter the market, the first thing you should do is to control the risk. With capital, there is an opportunity. No one is free from making mistakes, but try to minimize them, because the cost of making mistakes is losing your hard-earned money. Every mistake must be kept in mind, and do not make the same mistake again. When the number of mistakes you make becomes fewer and fewer, profit will be inevitable.

Hello everyone, I am trader Gege. Continuing from the previous article, as mentioned earlier, if Bitcoin can break through 62,000-63,000, it will go to 64,500-65,500. The result is that last night's CPI announcement was favorable, and a strong upward trend directly hit the 66,600 level. Is the daily candlestick's large bullish candle a reversal or a trap? Let's briefly discuss it from a technical perspective.

First, let's look at the weekly chart. Currently, it has broken through the 7-day moving average, but today is Thursday, and there are still about three days left for the weekly chart to close. So whether the current form of the weekly chart can be maintained still depends on the trend in the next few days. The daily chart's large bullish candle has temporarily broken through the previously mentioned downtrend line and the 60-day moving average. It seems to be good news for the bulls, but it is still necessary to focus on whether the market can stabilize in this area.

If the market forms a small consolidation in this area, the market will be more stable, and the bulls will go further. If there is a violent surge in the market, the bulls in this wave may not go too far. If the first scenario happens, then the probability of the market following the trend mentioned earlier will be high, so just try to follow the right side as much as possible.

In short, if the market can stabilize in the range of 64,000-63,000 in the next few days, then it won't take long to see it rise above 70,000. On the contrary, if this surge is a trap, then it will return to the 60,000 level again, and the probability of breaking it will increase. I am more inclined to the former, so for short-term operations, buy Bitcoin back at the 64,500-65,000 level. More real-time advice will be sent internally. Today's analysis ends here, see you next time. For more real-time advice on Bitcoin, find Gege. The advice is for reference only. Manage your risks when entering the market, and decide on profit and stop-loss areas on your own. Specific strategies should be consulted based on the current market conditions.

Remember!!! The market's trend is never wrong. It always follows its own path. The only ones who make mistakes are the traders themselves. All you can do is to follow the market's trend. When you see danger signals, don't hesitate, don't have any illusions, just close all positions. If it's not the right position for you to trade, then stay put. In a few days, everything may return to normal, and you can find the right entry position again. By doing this, you will save yourself a lot of anxiety and tuition fees. The popular saying on Wall Street is this: when you are walking on the road and see a car coming towards you, what should you do? You should naturally step aside. After the car passes, you can continue walking. Hesitation will endanger your life. In the cryptocurrency market, it determines whether your trading vitality can last long and whether you can be the ultimate winner.

By trader Gege, a friend willing to accompany you to start over.

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