Investing does not require a high IQ; it only requires you to maintain stable emotions and the ability to think independently. You need to detach yourself from worrying during losses and being greedy during profits, and make decisions based on your own thoughts, ignoring market emotions.
Hello everyone, I am trader Gege. Following up on the previous discussion, I have provided a detailed view on the market trend expectations for this week, and the short position of Bitcoin Aunt has been perfectly executed and exited. Today, let's briefly talk about the points that need to be focused on in the short term.
Looking at the daily K-line pattern of Bitcoin, it has broken below the mid-track and MA support, and the probability of today's daily K-line turning bullish is very low. The bulls are expected to achieve a cross candle at best, while the probability of a bearish candle is relatively high. The first level of support below is around 103000, and the second level of support is around the 100000 mark, which is also near MA60 and the lower track. From the overall K-line structure, the double top trend has not completely ended, so bulls should participate cautiously in the short term, take profits when earned, and not be overly greedy, as the current market does not strongly support a bullish pattern.
After a wave of false bullish movement in the 4H level morning K-line rebound, two consecutive solid bearish K-lines have appeared. The next K-line may show a pattern of accelerated closing. Currently, the support near EMA200 has not been tested, and combined with the daily line's support reference, we can wait for a pullback to enter once. If the position breaks, we should extend our view to look at the key positions below. The upper resistance is shifting down with the high points; we can refer to the resistance near the day's high.
The short-term structure of Aunt has not changed significantly yet and is still within the box structure. Therefore, the short-term reference should still follow the box structure. If the lower edge of the box breaks effectively, those who like breakout trades can enter with a light position. As mentioned before, the longer the box oscillates, the greater the probability of a breakout later, so be cautious as the market approaches the end of the box.
Bitcoin short-term: Enter long at 104300-103500, if it breaks below, enter long again at 102000-101500, looking for 2000-3000 USD. Enter short at 106800-107700, looking for 2000-3000 USD.
Aunt short-term: Enter long at 2500-2460, looking for 80-100 USD, and if it breaks below 2400, a light position can be chased. Enter short at 2620-2650, looking for 100-120 USD.
PS: The strategy activation is for one-time use only.
Suggestions are for reference only; ensure proper risk control when entering the market. Manage your profit and stop-loss spaces independently, and consult for specific on-the-spot strategies.
Alright, friends, we have to say goodbye until next time. I wish everyone great success in their trading and a smooth journey in the cryptocurrency world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice regarding Bitcoin Aunt, find Gege.
Article by: I am trader Gege, a friend willing to accompany you to rise again.
