The market is turbulent, with ups and downs in both long and short positions. Each low and high point represents new opportunities and traps. Successful investing is about consistently doing the right things; the choice of entry points and timing determines trading success or failure. As investors, we are merely accumulating our ability to grasp the market as we move forward. Understanding and mastering the market comes from countless practical experiences. There are no difficult trades, only markets that are hard to understand. There are too many opportunities and temptations; learn to filter and wait. Truly understanding trends, combined with comprehensive and reasonable position planning, and then decisively taking action, can capture the substantial profits brought by trends.
Hello everyone, I am trader Gege. Continuing from last time, the bulls are feeling proud, Bitcoin has surged to the 104000 level. I have a habit of frequently checking the market to see the overall market sentiment. Before writing, I took a look; those who previously predicted bearishness are starting to turn bullish, looking at a big bull. Observing market sentiment is beneficial for trend trading, as it can help predict tops and bottoms. Previously, Gege's article suggested entering with leverage at the 78000 level, supported not only by technical analysis but also market sentiment. Most who firmly believed in a bull market turned bearish. My views on bulls and bears have been elaborated in previous articles, so I won't repeat myself today. The market is moving according to my expectations and views. The updated article includes not only trend and short-term strategies but also some logical thinking, hoping it helps my followers. Ultimately, trading is a personal endeavor; everyone has their own perspectives.
This significant one-sided rally is indeed delightful, but more importantly, did you catch your share of the fish? I want to show off a bit because I achieved excellent results internally. For Bitcoin long-term, I entered at 84000 and exited at 100000, securing a profit of 16000 USD. For short-term, I started buying from the rebound when it stood above 1500; yesterday, before breaking the range, I entered around 1820, exited near 1950, continued buying around 1975, exited near 2120, bought again around 2225, and exited around 2430. I basically captured nearly the entire upward movement for short-term trading. Some were shorting due to fear of heights, but I saw liquidation of shorts, which is following the trend and going with the flow. I can't provide charts here for verification, but other positions can be checked for results. The bull market is blowing, let's briefly discuss the market.
Currently, there isn't much to say about the technical aspect. Bitcoin has broken through the boundary I mentioned earlier at 102000-100000, so we will use this boundary as support in the short term. The resistance area of historical highs needs attention, as it is still a high point resistance that should be approached with some caution. The short-term strategy for Bitcoin is to continue looking for upward structures as long as the lower boundary holds. If it breaks, we will consider a consolidation adjustment. As long as the key watershed mentioned earlier is effective, the overall structural direction remains unchanged. The 4H level for Bitcoin has a short-term correction demand, and I still have expectations for it to catch up in growth. Its exchange rate against Bitcoin may reach the 0.025-0.028 range; let's see if it can hold up over the weekend. Although I have expectations, I do not recommend chasing it; wait for a pullback opportunity to enter. Such a rally may not provide good entry positions. Regardless, don't get overly excited; plan reasonably and wait for the right moment. The market is here, and there will always be opportunities, so don't worry about missing out.
Short-term for Bitcoin: Buy around the 102000-101300 range, targeting 104000-106000.
Short-term for Bitcoin: Buy around the 2200-2150 range, targeting 2350-2400.
PS: Activate strategies and try to use them only once.
Suggestions are for reference only, manage risk when entering the market, and control profit and stop-loss space yourself. Specific strategies can be consulted during trading.
Alright, friends, we will say goodbye until next time. I wish everyone continued success in the crypto circle, may your future be bright and smooth sailing! More real-time advice will be sent internally. Today's brief update ends here.
Written by: I am trader Gege. A friend who is willing to accompany you on your comeback journey.
