In trading, if you can't find direction, it's simply because you don't dare to believe. If you can find direction, it's because you dare to affirm; superficially, it's a choice between long and short, but in essence, it's an internal struggle.
Hello everyone, I am trader Gege. Following up from the previous article, confidence is key; the short-term long positions on Bitcoin (buying at 104100 and 2490) have once again paid off accurately. The previous suggestion was effective support, so we continue to wait. The trend aligns with expectations. If you can't achieve good results in the market, think about it in reverse: is it a mindset issue? Is your trading system not comprehensive enough? Or perhaps a lack of patience, leading to impulsive entries? Identify the most critical issues and analyze what caused them. Make adjustments and corrections. If you want to survive in the market and make a living from it, constant self-analysis and review are essential.
Today around noon, the market experienced a surge, breaking through the small box of the previous two days. Bitcoin's daily candlestick has broken above MA7, but it hasn't fully established itself above the middle band yet. From the perspective of the daily cycle, if it can continue to operate within the BOLL bands in the short term, it makes for a relatively favorable trading situation; the key point is whether the support at the 100000 level can hold. If it fails, it will accelerate downward to seek new support. The longer a range operates, the more cautious you must be later on; the main force won't allow you to trade easily all the time.
The current 4H market is slightly retracing near MA60 and the upper band, with BOLL in a contracted state. Whether the short-term bullish trend can continue depends on whether the market can stay above MA60 and whether BOLL can shift from contraction to expansion. How should we operate short-term with Bitcoin? From a candlestick technical perspective, the principle of top-bottom conversion indicates that the 105000 line is the upper edge of a previous small box, which can now be regarded as support for entry. Buy between 105000-104500, manage risk, and maintain defense; don't be greedy in the short term. If it breaks and retests previous support areas, continue buying around 104000-103500. The same reasoning applies here; this area has been tested multiple times, so risk control measures should be in place.
Today's strategy won't be laid out separately. Refer to the above ideas; friends entering short positions as mentioned can take profit or maintain a small defense. I won't write more today; short-term trading can refer to Bitcoin as well. It's crucial to pay attention to the support at the lower edge of the large box mentioned earlier. If it breaks down, it will continue to test downwards. In such cases, refer to previous articles' ideas. Today is Friday, and there may not be updates over the weekend. Outside of trading, make sure to rest well.
Wishing you smooth trading! Have a great weekend!
Suggestions are for reference only. Enter with proper risk control, manage your profit and stop-loss space by yourself, and specific strategies should be consulted in real-time.
Alright, friends, we will say goodbye until next time. Wishing everyone improved performance 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 accompany you in your resurgence.
