Investment is the realization of cognition, and more so, a practice of human nature.

Hello everyone, I am trader Gege. Continuing from the last time, the market in the past two days has been intense, with Bitcoin fluctuating over $20,000. Short-term trading has been unkind to both bulls and bears. In just two months since Trump took office, his impact on the crypto world has been greater than Biden's four years. This might be the result Trump wanted, making retail investors feel that his words in the crypto space are like imperial edicts, allowing him to manipulate the market more effectively in real-time. The crypto market has become the backyard of the Americans; is this a joy or a sorrow? Regardless of joy or sorrow, we small investors should manage ourselves well, as long as we can eat meat and drink soup.

Regarding the strong upward movement in the market, as mentioned in yesterday's article, it was caused by his statements, while the significant reason for the decline is the implementation of the tax policy, which I believe everyone is aware of. Success and failure both stem from the same source; Trump is indeed the world's number one KOL in the crypto space. Although I expressed some concerns about the strong upward trend in yesterday's article, deeming it an unhealthy movement, the recent drop in Bitcoin was also unexpectedly strong, hitting around $83,000. Setting aside the news factors, I still maintain the expectation for Bitcoin's future movement as discussed yesterday, believing that it will not break below $80,000 in the short term. As shown in the chart below, I estimate that Bitcoin's price will oscillate around the previous low, and once the oscillation ends, it will initiate a five-wave upward movement. I also mentioned yesterday that I hope the market oscillates for a bit longer, as this would lead to a better subsequent rise.

From a technical perspective on the daily chart, it appears somewhat weak, but in the short term, I still refer to the previous low for rebound observations. The short-term resistance zone above is around $85,000-$86,000. In this wave of decline, Ethereum has broken the previous low and tested the $2,000 integer level, but it has not broken down yet. Observing from the daily and 4-hour technical charts, it seems there may be another drop. I believe the short-term limit will not break below the $1,800 level. For short-term trading, one can participate around $2,000, and if it breaks, exit and reconsider below that level. Just as I was writing this article, the market has already rebounded, and internal signals have indicated a short-term entry. I will still provide a short-term suggestion for reference.

For Bitcoin, consider entering long around $81,500-$80,500; for Ethereum, consider entering long around $2,050-$2,030. If it breaks $2,000, consider entering long around $1,930-$1,880.

The suggestions are for reference only. Please manage your risk when entering the market, and control your profit and stop-loss spaces accordingly. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone success in their trading endeavors 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 on Bitcoin and Ethereum, find Gege.

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

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