Key Points to Remember in Cryptocurrency Trading:
Do not trade impulsively or based on feelings. Focus on the trend, understand the situation, and take every trade seriously in practice.
Avoid revenge trading, as it will only lead you to lose your rationality, causing you to lose direction and inevitably incur losses.
Mistaken trades in actual trading may not necessarily lead to losses, but they will definitely result in significant losses at some point.
There are countless correct trading methods in the cryptocurrency market; however, why does your mind only have incorrect trading methods?
The trading market will not simply move in the expected direction; the road to success is always winding. If you go the wrong way, you will lose direction and enter a loop. The market behaves similarly; trends are certain, but they will not simply move in a predetermined direction without fluctuations that can shake one's mindset. At this time, a good mentality is needed to face it, unaffected by short-term trends. Stay true to your original intention to achieve your goals. The investment market requires composure and persistent determination, and only then can you reap profits!
Hello everyone, I am trader Gege. Continuing from the last article, the short-term market continues to stay within expectations. The previous strategy was to go long around the 92,000 line, looking at the 94,000 line. This short-term rebound of 2,000 USD has provided an opportunity, and those who followed it have achieved short-term results. Currently, although the short-term market is within expectations, the daily closing situation will affect the market in the next 1-3 days, so it needs to be closely monitored. The strategies for Bitcoin and Ethereum should be referenced together. If the current situation is maintained, the next phase will mainly involve a corrective adjustment rather than a continuation of a strong upward trend, which is normal, as mentioned earlier.
Even if there is a corrective adjustment, do not worry too much, as long as the significant boundary below Bitcoin is not broken, the expectation for a rebound remains unchanged. Continue to focus on the 94,000-95,000 line above. The market structure remains unchanged, and the thought process continues to reference the previous article, so I won't elaborate further today. Some may ask, since we know the resistance at the 94,000-95,000 line, why is there no suggestion to short at that level in the article? To put it simply, the thought process is to follow the trend. As long as this upward structure does not break the boundary I recognize, the trend remains unchanged, so we look at it in line with the trend. The daily updated article shares are merely my personal understanding and perception of the market. If you understand my thought process and successfully shorted at the 94,000-95,000 line, then I congratulate you, but the strategy I provide is just my perception of the market.
For example, when Ethereum tested the low and rebounded above 1,500 at the beginning of the month, both internally and in the article's thought process, it was emphasized that as long as it does not break 1,500, we look for a rebound upward. This is my understanding of the market, allowing for a straightforward approach: if the retracement does not break, we can go long. I often say to trade based on your understanding of the market, and during live trading, recognize who you are to find a trading method that suits you, which will yield good results with less effort. I reiterate that the daily shared article thoughts are my personal understanding of the market, and I hope they are helpful to you.
Today, there is nothing else to discuss regarding the technical aspects of Bitcoin and Ethereum. The short-term structure is within expectations, so continue to reference the previous article for short-term trading. If the structure changes, I will readjust my thought process and update the article, focusing on the daily closing situation.
Short-term Bitcoin: Long at the 92,000-91,200 line
Short-term Ethereum: Long at the 1,750-1,720 line
PS: Try to use the activated strategy only once.
The suggestions are for reference only. Ensure proper risk control when entering the market, and manage your profit and stop-loss space accordingly. Specific strategies should be consulted during live trading.
Alright, friends, we will say goodbye until 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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