Humans are inherently emotional beings. I have said before that no one in the investment market is completely free from fear and greed, just as no one can cry or laugh forever; it’s all about the right timing. However, there are always those who laugh at funerals and cry at weddings, who impulsively buy when prices rise and get excited when they fall. After the market moves, they claim to have seen a certain position and how accurately they predicted it. I ask, "Did you act on it?" When prices rise, they say they were going to buy, but after hearing others say to short, they didn’t dare to act, missing out on their dreams of wealth and cutting off their own path to success. When prices fall, they say they were going to short, but after hearing you say to go long, they ultimately gave up and started harboring resentment. What I want to emphasize is that if you are so firm in your views, why do you easily talk yourself down? These are all just comforting lies; who else would believe such nonsense besides you? Either you are absolutely confident in your thoughts and have acted correctly, so please "speak of what you have done and do what you have said."

Yesterday, Bitcoin was influenced by certain news, causing the price to surge by 6,000 points. However, the rise has not stabilized; a rapid increase must be followed by a pullback or a rebound. Subsequently, the price today pulled back to around 102,700, and it is currently fluctuating around 105,000, so many people are surely wondering how to operate today. Next, I will explain the current market signals.

The four-hour price pattern is oscillating around the middle band, currently stabilizing above it. There is still room for short-term price increases, with 107,000 acting as a resistance level, which is near the upper band. It is highly likely that the price will show a pattern of rising first and then falling by the evening. Therefore, in the evening session, wait for the price to rise before going short. In trading, we should focus on one side and avoid frequent trades unless the support and resistance levels are favorable. Now, some may say, "Since the price is rising, why not go long now?" Because I am cautious, and the current space above is limited. Even if you make a profit by chasing the rise, there isn’t much room. So when the time comes, will you exit or not? I would rather wait for a more suitable position and look for a larger space.

You can consider going short around the 107,000-107,500 area, targeting the 103,000-102,000 range. The levels are for reference only, thank you.

Follow the public account, for how to relieve worries, only Jiang Wei can help.

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