Those with faith walk with light; no matter how dark the road, they can illuminate for themselves. Action is the best medicine to solve all problems, and taking profits is the best feedback to followers. If profit is a ladder, those with their hands in their pockets cannot climb up, so when in profit, do not rush to seek praise but communicate more; when in loss, do not rush to blame but communicate more!
Hello everyone, I am the trader Gege. Continuing from the last time, the article updated last night provided that the short-term long positions for Bitcoin and Ethereum were executed precisely (Bitcoin long at 103500, Ethereum long at 2460), and have reached their targets. In the early morning, the Federal Reserve will hold a rate decision meeting, and it is very likely that they will maintain expectations and not cut rates temporarily. The Fed's spokesperson indicated that if the risk to prices is not related to S, they will prepare to cut rates this week. The current situation is that the Fed and Trump are pushing responsibilities onto each other. In fact, these news aspects will not have a significant impact on the overall market structure, whether it is the geopolitical conflict in the Middle East or not, the market will quickly digest the emotions. In the short term, do not expect a significant one-sided upward momentum, and the high-level technical aspects do not support it for now, the focus is on Q3-Q4.
The overall market is still within Gege's expectations, and the overall structure has not changed substantively, so the short-term view still maintains the previous outlook. Today, let's simply discuss the technical aspects. As mentioned yesterday, Bitcoin's daily candle closed as a bearish candle, in line with expectations. Currently, the candle is under pressure near MA and the middle track, and the key support area in the short term still needs to focus on MA60 and the lower track. If the daily level cannot rebound above the 107500 line, we will look for a retracement below it.
The 4H level market has rebounded after multiple tests of support. It is currently testing the rebound again, indicating that the short-term support at the 103000 line remains effective for now. We need to pay attention to the resistance area near the middle track and MA60 above. In the short term, this area can be referenced, and if broken, adjustments are needed. The technical trend of Ethereum on the daily and 4H levels is close to that of Bitcoin, so I won't elaborate. Meanwhile, the overall structure still remains within the range; just continue to reference the upper and lower edges. If a break occurs below, we need to pay attention to the 2300 line, which is also near the MA60 on the daily level.
Bitcoin: Long at the 104200-103500 line, break at the 102000-101500 line, looking at 2000-3000 USD. Short at the 106000-106800 line, looking at 2000-3000 USD.
Ethereum: Long at the 2480-2460 line, looking at 80-100 USD. Short at the 2600-2640 line, looking at 100-120 USD.
Suggestions are for reference only; enter the market with good risk control. Manage your profit and stop-loss space yourself; specific strategies should be consulted on-site.
Alright, friends, we will say goodbye until next time. I wish everyone to do better and have 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 and Ethereum, find Gege.
Text/ I am trader Gege A friend willing to accompany you to rise again$BTC $ETH
