Investing does not require a high IQ; it only requires you to maintain stable emotions and the ability to think independently. You need to detach yourself from the worries of losses and the greed of profits, making decisions through your own thinking while ignoring the emotions of the market.

Hello everyone, I am trader Gege. Continuing from the last time, the market is still in extreme fluctuations, with a movement of less than $100, while Bitcoin has a space of $3000-$4000. Let's talk about Bitcoin first. Today is Friday, and my view at the weekly level remains the same as before, so I won't elaborate further; we will discuss it again after the weekly close on Monday. Yesterday, Bitcoin's price did not effectively break below $80,000 in the early morning, then rebounded and fluctuated upwards. Today, at the daily level, it is testing MA7 again. If it can maintain a bullish candlestick, then there won't be a significant drop over the weekend, and I estimate it will continue to fluctuate upwards. The short-term key boundary above is near EMA200 and the middle track, around the $85,000-$86,000 line. If it can break and stabilize above this boundary, then testing $88,000-$89,000 again will not be a problem. Conversely, it will continue to move downwards in a range adjustment.

The 4H candlestick pattern has formed a somewhat non-standard W bottom, similar to previous candlestick patterns. Currently, the neckline position is a key short-term resistance, which is near the upper track and MA60, with the price around $84,000. Therefore, at the 4H level, we should focus on the breakout situation near the neckline. If it breaks out, it will test the key boundary line at the daily level. For short positions, trying to short around $84,500-$84,800 is also possible, as it is the resistance level of the neckline. Just plan your stop-loss accordingly; if the situation changes and it breaks out, you need to retreat. The support area below can refer to the lower track, which is also a level support where previous candlesticks have repeatedly retraced and rebounded.

At the daily level, I will keep an eye on MA7 to see if it can break through and stabilize with a solid candlestick. Currently, it has not broken the box. As mentioned yesterday, we are close to the tail end of the box pattern. For short-term operations, let's wait for the box to break before considering entry. My personal view is that it will likely break upwards first, but there is no need to participate in the short term. The low point of this week has basically been confirmed, and the probability of unexpected movements over the weekend is very low.

For short-term trading, I suggest buying around $80,800-$81,500. For now, I recommend observing.

This advice is for reference only. Ensure proper risk control when entering the market, and manage 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 advice will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin, find Gege.

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

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