Those who can buy are apprentices, those who can sell are masters, and those who understand holding cash are the ancestors! In trend swing strategies, the choice of buying points is secondary, while selling points are key; however, good capital management is the soul of trend swing trading.

After testing resistance on Monday, the market has pulled back and is washing out. Today, we will first provide an estimate of the market's follow-up based on the weekly level. The weekly level indicates the direction, so we focus on momentum rather than price, as a reference. The key area below is around 3200-3000; the support in this area needs to be closely monitored. If the market breaks below this area, then as long as it reaches the 2800-2700 range, spot trading can leverage up. Just to reiterate about Bitcoin, if it reaches the 85000-83000 range mentioned in my previous article, similarly, spot trading can leverage up.

The daily level for Bitcoin has once again fallen below the MA60, with the previous candle closing as a solid bearish candle. There is a need for a pin bar in the intraday K-line, so be cautious about further declines. The 4-hour level shows consecutive bearish candles, and the support at the lower edge of the small box around 3300 is temporarily a reference. If it breaks below, we should pay attention to the previous low nearby. For short-term trading, temporarily refer to support for entry, and ensure proper risk control and planning. This week, there will also be non-farm payroll data released, which will lead to significant market fluctuations.

1.8 Short-term suggestions for Bitcoin: If it doesn't break 3280, go long in the 3320-3300 range, looking for 80-150 points.

If it doesn't break 3130, go long in the 3180-3150 range, looking for 80-150 points.

The above suggestions are for reference only; ensure proper risk control.

Wishing you successful trading!

Alright, friends, we will say goodbye until next time. I wish everyone continued success 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 about Bitcoin, find Gege.

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

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