Hello everyone, I am trader Gege. Following the previous article, the frequency of recent updates has slowed down a bit because I have been busy. I will have more time to update short-term trading ideas in the future. Thank you for the continuous support from Gege's fans and friends. After all, there are relatively few trend suggestions. The market is mostly in a state of oscillation, and only those who can tolerate the oscillation can enjoy the joy of a one-way market.

In a sense, oscillation is actually a friend, not an enemy. Most of the time, oscillation helps to eliminate failed traders. This means that it's not you who defeated them, but the market helped you get rid of most of your opponents. Let's be friends with oscillation, and at the same time, be friends with time.

In the end, oscillation is actually unsuccessful breakthroughs. If every breakthrough is successful, then the market would be too predictable, and there would be no chaos. How to make money then? Wouldn't it be too easy? Always remember, profit and loss come from the same source.

Trend is profit, oscillation is risk. If you avoid risk, then profit will also decrease. If you want more profit, you cannot avoid risk. The reason why trend following is a very good strategy is that a trader with strong psychological resilience will inevitably receive matching and generous returns.

If you really can't stand the oscillation, then you must keep your strategy away from it. You eat your chocolate beans, and they eat their big cakes. Don't envy others, and don't feel inferior because of it. This market is diverse, as long as you can survive, then you are doing great.

Speaking of the market for Bitcoin, as mentioned in the previous article, the 4-hour triangle oscillation at the end, the market broke through the resistance of the trend line and also broke through the 60-day moving average of the 4-hour chart. After testing the 72000 level again, the market was blocked and retraced. After the non-farm payroll data last Friday, the weekend saw an oscillation adjustment, and just now there is a rebound in the market to test the 70000 level. This week, CPI on the 12th and interest rate decision in the early hours of the 13th, these two pieces of news need to be noted for the short-term market fluctuations.

Since the approval of the Bitcoin spot ETF, we in the cryptocurrency circle need to pay more attention to some important economic data in the United States. The scythe of Wall Street requires us retail investors to be more cautious in facing this strong institutional market. Regardless of short-term fluctuations, Gege's long-term view remains unchanged. As mentioned in previous articles, I won't go into details. It is still important to focus more on short-term trading ideas recently.

Looking at the daily chart, the 72000 level has been tested multiple times. From a technical perspective, the probability of breaking through this level is high. However, the probability of a double top on the weekly chart also exists, so we need to be cautious and not get carried away even if there is a breakthrough of historical highs. The market is expecting a rate cut by the Fed in September, so we need to be cautious about the scythe of Wall Street.

The short-term strategy for Bitcoin is still mainly to buy on retracements. Buy on retracements at the 68500-67500 level, and if it breaks, buy on retracements at the 65500-64500 level. If it tests the 72000-73000 level again and stabilizes after breaking through the 72000 level, you can go long in line with the trend, and plan your position to take a profit of $2000-3000. Friends who need the short-term strategy for Bitcoin this week can refer to this.

Alright, friends, let's say goodbye for now. I wish you all the best, and may the future in the cryptocurrency circle be smooth sailing! More real-time advice will be sent internally. Today's article ends here. For more real-time advice from Gege, please contact her directly. The advice is for reference only. Enter the market with good risk management. Determine profit and stop-loss levels on your own, and consult specific strategies based on the market conditions.

Life is not meant for compromise. The more you retreat, the less breathing space you have. Days are not meant for settling. The more humble you appear, the further away some happiness will be. In some matters, there's no need to lower yourself. Fight actively for what belongs to you. In front of some people, there's no need to tolerate repeatedly. Don't let others trample on your bottom line. Only by standing tall will the world give you more in return.

By Trader Gege, a friend willing to accompany you on the road to success.

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