The core of long-termism lies in ensuring that you always stay at the table, waiting for those key opportunities to arise. Whether it's entrepreneurship, working for someone else, or investing, the accumulation of wealth follows a common rule: a few major peaks determine most of the outcomes.
Hello everyone, I am trader Gege. Continuing from the last time, Bitcoin's price retraced to the short-term trend line yesterday and rebounded. The short-term strategy has also received good feedback, rebounding to around 87800 and facing resistance again, retesting near the trend line. Yesterday's article has already estimated the probability of the market trend, and currently, the market is still within expectations, so we will continue to focus on the several points mentioned. Today's article will be a brief update, estimating that this week will not deviate from previous expectations, with a key focus on the market after the monthly closing, which is this Sunday and next Monday.
Today, let's refine the daily level mentioned above. Although the K-line has continuously closed with doji candles, indicating weakened bullish momentum, we will first look at the support situation step by step in the short term. Currently, it is testing near the trend line again, so we will continue to focus on this line for now. If the market breaks below the 85000 level, then we need to shift our short-term thinking and use the short-term trend line as a reference for short-term resistance, which is the logic of support turning into resistance. Well, if the above price breaks down, we will continue to look at the support area near EMA200 and the middle track. This line can be seen as the watershed of this rebound, and also the dividing line. Once it is lost, this wave of rebound will completely end, and we will explore the 82000-80000 area again. If you find it unclear, you can open the corresponding technical indicators on the chart and look at it a few more times.
In the case that the short-term trend line does not break, what about the upper side? Just focus on the previous high. If it breaks and stabilizes, reaching 90000 is not a problem. I won't elaborate on the lower side today; we will continue to focus on what was mentioned yesterday, and for the upper side, pay attention to the MA30 near the daily level. If it breaks, then focus on the resistance near the upper track. The short-term thinking will be like this for now; let's look forward to next month's big test.
Bitcoin's short-term strategy continues to refer to the above text.
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 details.
Alright, friends, we will say goodbye until next time. I wish everyone continued success 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, find Gege.
Written by / I am trader Gege, a friend willing to accompany you in your resurgence.
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