Only when a person can unconditionally accept themselves, including their weaknesses and flaws, can they truly grow. True strength is not the absence of weaknesses, but the understanding of one's weaknesses and the ability to effectively avoid them affecting one's emotions at critical moments.

Hello everyone, I am trader Gege. Continuing from the last article, Bitcoin broke 80,000 in the early morning and then touched 76,600 for a spike rebound before recovering again, currently testing again. The short-term trend in the article mostly provided suggestions for going long, and there were some short positions involved, but not many. Yesterday at noon, a fan asked Gege where the resistance for this rebound in Bitcoin was, and I mentioned around 83,500. Why is there a greater emphasis on bullish views in the article? I remember mentioning this in previous articles; since October 2023, the outlook has been bullish because the larger trend and cycle are in that direction, so I suggested looking for support to go long as the main strategy.

From the perspective of the current larger cycle, there has still been no change, and it remains in an upward structure. The support of the trend line and the bull-bear boundary has not been tested yet. The intensity of this washout is still quite significant. I see some prominent influencers in the market, who were previously firmly bullish, seem to be slowly changing their mindset. Thinking in a contrarian way, perhaps the purpose of this washout is nearing its end. The article from the day before also mentioned that the game is not ending so quickly; Trump has a four-year term. That said, with the market reaching this point recently, regardless of bullish or bearish operations, it is best to engage in short-term trades, avoid getting too caught up in the big picture, and just take profits when you can.

Today is Tuesday, and Wednesday has CPI data. The probability of touching the lower track and around MA60 at the weekly level is quite high. Pay more attention to the weekly closing situation this week; if we see a bullish pin bar, the technical outlook for next week will favor the bulls. However, the probability of a fantasy surge of 20,000 USD is very low; it is more about expecting volatility. From the daily and 4H levels, the Bollinger Bands are in a downward channel, and there is a high probability of another oversold K-line pattern. If you are a trend trader, wait for the 75,000-73,000 range to accumulate long positions in batches.

The technical outlook for Ethereum is also in a weak position, and I don't want to say much. After breaking 2,000, the next key K-line support level is in the 1,600-1,500 range. Currently, the technical feedback from the weekly, daily, and 4H levels is all leaning towards weakness and bearishness, so the more it is at this time, the less one should blindly chase short positions. Even if it continues to decline, there is no need to regret not chasing shorts, as the risks are still quite high. It is better to miss out on opportunities than to take on unnecessary risks; the market is not lacking in opportunities.

For Bitcoin, the short-term reference is the previous low as a small boundary. The short-term suggestion is to go long in the 78,500-77,500 range, and if it breaks the previous low, go long in the 75,800-74,800 range. For Ethereum, the short-term reference is synchronized with Bitcoin; if the previous low does not break, go long in the 1,800-1,760 range, and if it breaks, suggest going long in the 1,730-1,680 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 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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