The formation of trends is not based on imagination, and the accumulation of profits is not reliant on luck! There may be mistakes, and there may be oversights, but these are all risks associated with trading. Risks can only be managed, not avoided, because without risk, there is no profit. Therefore, only by understanding how to control risks can one truly grasp profits.

Hello everyone, I am trader Gege. Continuing from the last discussion, Bitcoin surged to around 85,500 last night and has entered a phase of high-level fluctuations. Currently, it is in the process of rising. Although Ethereum has retraced to the strategy's long position, it has not moved significantly. If you have entered the market, ensure you have protective measures in place; it can be held onto.

There will be news released in the early morning. As we all know, as mentioned in previous articles and my own views, the global capital is waiting to see the outcome tonight. There is a high probability of a washout market during the time before and after the news release. Therefore, for short-term traders, my suggestion is to stay out of the market and observe, or perhaps resting early is also a good choice. After all, news is only suitable for observation in the short term, not for action. If you must participate, you must reasonably arrange your positions and implement proper risk control to avoid staying up late to trade, resulting in no gains and a loss instead. Alright, enough chit-chat, today I will briefly discuss the technical aspects for those who wish to trade.

The current daily chart of Bitcoin aligns with yesterday's expectations. After the previous candle closed bullish, today it retraced near the MA7 and found support, rebounding again. It is now testing yesterday's short position strategy (short around 86,200 with a 200 USD range). The pullback indicates that this small resistance level is temporarily effective. Next, we will see if the market can stabilize above the EMA200 and the middle band. If it can, there is a high probability of further testing the upper band and previous highs tonight. Conversely, if the small resistance around 86,000 holds, bulls should not be overly optimistic. The 4-hour chart shows the market breaking above the MA60 and testing the EMA200 line. Short-term traders can consider entering near the support of MA60 and MA7, but if today's low is broken, do not participate.

The daily chart of Ethereum shows a pullback to the MA7, but it has not broken down effectively. Therefore, the long position strategy from yesterday at 1850 can still be held with proper protection. In the short term, focus on the resistance near the middle band and MA30 above, which corresponds to the resistance near MA60 on the 4-hour chart. Short-term attention should be on the support around 1800; if it breaks, do not participate. Today's article provides only one directional position for short-term strategy. If the aforementioned breakdown points occur, do not participate, and try to observe more and act less tonight. Personally, I am optimistic about a rebound after the negative news is fully released. This viewpoint was also expressed in previous articles, but it is merely a personal opinion. One should approach the news with caution; the market changes daily, and there is no need to rush. Although it is said that the bigger the storm, the more valuable the fish, being steady is also a good approach. Don't you agree?

Short-term Bitcoin: Long at 84,800-83,000

Short-term Ethereum: Long at 1,850-1,820

PS: Try to use the strategy activation only once.

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

Alright, friends, we will see you next time. I wish everyone success in their trading endeavors and smooth sailing in the cryptocurrency 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 help you rise again.

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