Sometimes, dreams are at odds with reality. You lack the ability to control its direction and cannot predict its future. At such times, we do not need to struggle, seeking up and down. What we need is to change our goals, start anew, and adopt a different perspective to view life's ups and downs.
Hello everyone, I am Trader Gege. Picking up from last time, Bitcoin has shown a small V reversal, with prices returning to previous levels. From the news perspective, the conflict between Chuanma is escalating again, and then Laoma quickly softens again, which is reflected in the V reversal of the market, showcasing the gap between money and power. Perhaps the uncertainty surrounding Trump's term will increase; we still need to treat the market rationally and objectively.
From a technical perspective, the market's trend has not deviated too much from Gege's expectations, still fluctuating within the range, only slightly breaking support. Previously estimated that before the non-farm payroll, the market would not completely break the current structure. This week, the focus is on the market around tomorrow and the early morning of the day after.
The Bitcoin daily level has retraced to MA60 and found support, bouncing back. Currently, the bullish candle has recovered the decline of the previous two days. Although it is very strong, the resistance area near the previous high is still worth referencing until it breaks. The 4H level's market retracement near EMA200 has found support and is rebounding. For now, the structure does not require too much thought; if it returns to the previous area, then continue to treat it according to the previous support and resistance. Manage risk well, as it is not possible to chase up in critical resistance areas; the risk outweighs the reward.
I focus on naked K and moving average systems, sometimes adding auxiliary indicators. Therefore, regarding the current market structure, I do not have much to say for now. Auntie feels the same; if it returns to the previous area, continue to treat it. After breaking, readjust. I also do not want to discuss the support and resistance prices after breaking in the short term; let’s wait until tomorrow when the news settles.
Bitcoin short-term: 108500-109000 short, 106500-106200 long, looking at 1500 US dollars.
Auntie’s short-term trading: 2480-2500 short, 2400-2420 long, looking at 80-100 US dollars.
Suggestions are for reference only. Please manage risk when entering the market. The profit space and stop-loss space should be grasped independently. Specific strategies should primarily be consulted in real-time.
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 regarding Bitcoin, find Gege.
Written by: I am Trader Gege. A friend willing to help you rise again.
