Hello everyone, I am trader Gege. Continuing from the previous message, following the short-term trend mentioned earlier, there have been certain gains. Recently, the market has been more focused on short-term participation, identifying support and resistance levels, and both long and short positions have opportunities. The major trend requires waiting for a specific time point. Today is Monday, let's briefly chat after the market opens.

I recently heard a saying that all scoundrels have a necessary trait, which is the ability to self-heal and resist setbacks after defeat. This trait is also essential in our trading market. Market trading is a game of probability, requiring continuous trial and error. If you have a fragile heart, the time you spend regretting and blaming yourself will be more than the number of times you actually trade. After a few setbacks, your confidence will be completely shattered.

It is important to cultivate your mindset, and face gains and losses with a calm attitude. If you extend the time dimension, you will find that as long as you are at the table, you have the opportunity to profit. How can you stay at the table? It's by "staying alive." If technical analysis and operations are the spear of offense, then good mindset management is the defense system, which can protect you in this giant arena of combat. With a defense system, you are a true warrior, and you can stay at the table, "staying alive," until you finally profit.

Returning to the topic, let's talk about the market for the major trend. First, let's look at the weekly chart. The previous candle closed bearish, and it was mentioned in an earlier article that the probability of a double top pattern exists. In the short term, attention needs to be paid to the support near the middle band. If it breaks down, then focus on the strong support around the 61000-60000 level. The closing situation on the weekly chart is not very friendly to the bulls, and the MACD is also bearish. On the daily chart, it is currently testing the support near the 60-day moving average, and there are signs of the Bollinger Bands opening up. The fast line of the MACD has already crossed below the zero axis. If the slow line follows suit, instead of turning upwards, then the market will continue to test new support levels.

In the short term, pay attention to the resistance around the 66000-67000 level for a bottom-to-top conversion, and the support below should first focus on the 64500-63500 level. Buying can be considered if the downtrend stops. If it continues to break, then look to buy at the key 61000-60000 level. For short-term trading, refer to the prices above to enter, and pay close attention to the signals provided by real-time candlestick and technical indicators for our operations.

Alright, friends, we will say goodbye for now. I wish everyone the best of luck, and a smooth journey in the cryptocurrency world! More real-time advice will be sent internally. That's all for today's update. For more real-time advice on the major trend, find Gege. The advice is for reference only. Enter the market with good risk management, and determine profit and stop-loss levels on your own. Specific strategies should be consulted during trading.

By/Trader Gege, a friend willing to accompany you on your journey to success

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