Those who are sincere will never be trapped in the maze of problems, because they know: behind every dead-end wall, there is a hidden door.

Hello everyone, I am trader Gege. Continuing from the last article, the previous suggestion was to buy at the Bitcoin level of 87500. The market has rebounded from the 87600 level to the 92800 level, facing resistance and pulling back. It has not yet stabilized at the daily midline, and after a false break, it has returned, aligning with the previous expectations. The non-farm payroll data on the 7th coincides with the crypto summit, making it another day of news-driven market control. Short-term volatility is expected to be greater, so it’s best to observe more and act less. I predict that Trump will make statements about including Bitcoin in the strategic reserves, but it’s hard to say what other comments he might make; his rhetoric is unpredictable, and his presidency has added stronger uncertainty to the global economic and financial markets.

Currently, I feel that the market's risk lies in the strong consistency of the cyclical bull market. I hope that through continuous washouts, this consistency will decrease, reducing the weight of the vehicle, and only then will the final phase of the Bitcoin bull market arrive. Returning to the technical aspect, let’s briefly discuss: the daily level of Bitcoin currently shows that the candlestick pattern is not looking good. The daytime rebound has not stabilized at the midline, showing a false break with a spike. If the bulls do not exert strength in the early morning, the market will pull back again near the MA7 and EMA200. The market will continue to oscillate within the previous expectations in a large range. Conversely, if it can recover and stand above the midline, then needless to say, the bulls will have more room to extend.

The 4H level candlestick is facing resistance and pulling back near the EMA200. The short-term support is around the middle band of the Bollinger Bands and MA60. However, given the recent volatility range and news factors, I will not participate at this level. I would rather wait at this short support; even if I miss it, it’s not a loss. Not every opportunity needs to be seized. I will consider entering around 85000; if it doesn’t reach that, I will stay in cash and wait for the news to settle before making a decision.

For the daily level of Ethereum, the MA7 has not stabilized. The thought process can be synchronized with the daily midline of Bitcoin. If it can close above tonight, the probability of touching the midline tomorrow will increase. If the 4H level candlestick remains unchanged until the close, it will explore further, so I suggest continuing to reference yesterday's range. For Bitcoin, I suggest buying at the 85500-84800 level, and for Ethereum, at the 2100-2050 level. For those who can’t control their hands: buy Bitcoin at the 88300-87300 level, and Ethereum around 2150 with a 30-dollar range.

The suggestions are for reference only. Please manage your risk when entering the market, and control your profit and stop-loss space accordingly. Specific strategies should be based on real-time conditions, and you can consult for more details.

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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