Key points to remember in cryptocurrency trading:
1. Do not trade impulsively or based on feelings. Be aware of the trend and understand the situation; take every trade seriously in actual operations.
2. Do not trade out of revenge; this will only make you lose your rationality, thus losing direction and naturally leading to losses.
3. In actual trading, a misstep in trading does not necessarily mean you will lose money, but it will definitely lead to a significant loss at some point.
4. There are hundreds of correct trading methods in the cryptocurrency trading market; but why does your mind only have the wrong trading methods?
The trading market does not simply move in the expected direction; the path to success is always winding, and if you go against it, you will lose direction and enter a cycle. The market is the same; the trend is certain, but it will never simply move in the predetermined direction; there will be twists and turns that shake one's heart. At this time, a good mindset is needed to face it, unaffected by short-term trends, maintaining your original intention to achieve lasting results. The investment market requires composure and persistent determination, and then you can reap profits!
Hello everyone, I am trader Gege. Continuing from the last time, the short-term market continues to maintain expectations. In the previous text, the strategy to go long at the 92000 line for Bitcoin and watch the 94000 line was given. This wave of short-term rebound of 2000 USD has provided an opportunity, and those who followed have also gained short-term results. Currently, although the short-term market is within expectations, the daily closing situation will affect the next 1-3 days of the market, so we need to pay close attention. Bitcoin and altcoin should be referenced simultaneously; if the current situation is maintained, the focus will be on volatility and pullback adjustments, and a strong rise will not continue, which is normal and has been mentioned before.
Even if there is volatility and pullback adjustments, do not worry too much, because as long as the short-term major boundary below Bitcoin does not break, the expectation of a rebound remains unchanged. Continue to focus on the 94000-95000 line above. The market structure remains unchanged, and the reasoning continues to refer to the previous text; I won’t elaborate further today. Some may ask, since we know the resistance at the 94000-95000 line, why not suggest going short at that line in the article? I will simply say that the reasoning aligns with the trend. Since this wave of rising structure has not broken the boundary I recognize, the trend remains unchanged, so we continue to see it following the trend. The daily updated article reasoning shared is merely my personal understanding and recognition of the market. If you understand my reasoning and went short at the 94000-95000 line and made a profit, then I congratulate you, but the strategy I provide is just my understanding of the market.
For example, when the altcoin tested the low point at the beginning of the month and rebounded above 1500, both internally and in the article's reasoning, it was emphasized that as long as it does not break 1500, we look for a rebound and rise. This is my understanding of the market, which provides the reasoning. This way, we can treat the market simply; as long as the pullback does not break, we can go long. I often say to trade according to your understanding of the market, and at the same time, during live operations, recognize what kind of person you are to find a trading method that suits you. This will lead to good results with less effort. I reiterate that the article's reasoning shared every day is my personal understanding of the market, and I hope it helps you.
Today, there is nothing else to discuss on the technical front for Bitcoin and altcoin. The short-term structure is within expectations, so continue to refer to the previous text for short-term strategies. If the structure changes, I will readjust my thoughts and update the article, focusing on the daily closing situation.
Bitcoin short-term: go long at the 92000-91200 line
Altcoin short-term: go long at the 1750-1720 line
PS: Try to use the strategy activation only once.
Suggestions are for reference only; ensure good risk control when entering the market, and manage profit and stop-loss space yourself. Specific strategies should be consulted during live trading.
Alright, friends, we will say goodbye until next time. Wish everyone continued success in trading and a smooth journey in the cryptocurrency market! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions on Bitcoin and altcoin, find Gege.
Text/I am trader Gege, a friend willing to accompany you in making a comeback $BTC $ETH
