The weaknesses of human nature remain unchanged for a thousand years. There is no need to be hard on ourselves. If self-discipline is lacking, we can rely on external discipline, using systems and methods to address the weaknesses of human nature. Ownership and management can be separated; why can't planning and execution be treated as a continuous process? A good man has three helpers; relying solely on individual efforts may not be as powerful as a like-minded team.
Hello everyone, I am trader Gege. Continuing from the last article, the short-term long and short strategies for Bitcoin have been realized, and the long position at 1525 for Ethereum also rebounded accurately after a pullback. Let me start with a few words about support and resistance; it generally refers to an area rather than a single price. The strategies in the article provide ranges because we focus more on trends than on prices, and there will be real-time entry signals based on market conditions. Also, as discussed before, breaking levels—friends referring to the article's strategies need to understand what a break is; false breaks and actual breaks are different. Understanding these concepts is essential to grasp the market and the strategies in the article. With that said, let's get to the main topic. The daily articles focus on short-term trading, and on Mondays, we will discuss larger trends and points to pay attention to for the week.
After a daily candlestick for Bitcoin closed with a lower shadow bullish candle, the market returned above the lower boundary. The short-term small boundary is near the high of the previous candle, which is also near the MA7 resistance. We can only look at the middle boundary after a breakout. Currently, the 4H level is facing resistance near the middle boundary. In the short term, we can continue to refer to the resistance near the middle boundary and MA30; after a breakout, we will look at the MA60 area. The lower MA7 forms a small support, which can be referenced temporarily. If it breaks down, we should consider entering near the low point from earlier in the day.
The technical aspects of Ethereum are quite similar to Bitcoin, just slightly weaker. The short-term focus at the daily level is also near MA7, while at the 4H level, it is facing resistance near MA14 without testing the middle boundary. In the short term, continue to refer to the previous high and resistance near the middle boundary. There is a probability of forming a doji candlestick at the daily level, so the boundary to watch below is above 1450. As long as the pullback does not break this level, we can look for a rebound above it.
Short-term Bitcoin: Long at 77800-77200, Short at 80800-81500.
Short-term Ethereum: Long at 1500-1470, Short at 1630-1660.
The suggestions are for reference only. Ensure proper risk control when entering the market, and manage your profit and stop-loss space accordingly. For specific strategies, please consult during trading.
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 and Ethereum, find Gege.
Written by/ I am trader Gege, a friend willing to accompany you in your resurgence.
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