Maintain an initial intention, learn to face and move forward with the best posture and state, and grasp the current market! Only by respecting the market, understanding it, and recognizing oneself can one slowly adapt to the market and find a path that belongs to oneself.
Hello everyone, I am trader Gege. Following up from last time, the market continued its downward trend over the weekend. After Bitcoin briefly broke the 100,000 mark, it rebounded and recovered. You might say that the weekend's market is related to the escalation of the Israel-Palestine conflict and Trump's next move, of course, this reason cannot be ruled out. What Gege wants to say is that after last Monday’s weekly close, I updated the article focusing on the technical feedback of the weekly K. At that time, I emphasized that bulls need to be cautious, as the overall structure is not favorable for bulls. On Friday, I mentioned in the article that once a break occurs, you can refer to the ideas in previous articles (these can be reviewed to verify). In short, regardless of the news, the technical aspect also gives us certain guidance and feedback. We need to review past market trends without getting entangled, let’s discuss the current market.
On Monday, as per the usual practice, let’s first talk about the weekly K. Bitcoin's weekly level has broken below MA7, so this week we will simply reference around MA7, using it as the upper short-term boundary. If it does not stabilize, we will continue to view it as oscillating downward. From the overall structure of the candlesticks, this week is still not favorable for bulls. Although it has currently recovered above 100,000, if the previous low point is lost, it will continue the downward trend testing the midline, and the double top structure will need to further expand and release.
Daily level BOLL opening state, the market has broken below MA60. Once BOLL opens the downward channel, the market will further test near EMA200. Currently, the BOLL downward channel has not been fully confirmed and remains to be observed. Therefore, in the next two days, observe whether the candlestick can once again exhibit an entity candlestick breaking the 100,000 mark.
Aunt's weekly close shows a large bearish candle testing the midline, which is also the chip area from August-September last year. Similarly, for Bitcoin, if the upper MA7 cannot break and stabilize, then continue to maintain a weak oscillating structure. The technical feedback at the daily level is similar to that of Bitcoin, so I won't elaborate further. In the short term, refer to Bitcoin's ideas, focusing on the range of 2380-2180.
Bitcoin: Short 103800-103300, looking at 2000 USD. Long 101200-100800, looking at 2000 USD.
Aunt: Short 2340-2380, Long 2200-2180, looking at 100-120 USD.
Suggestions are for reference only. When entering the market, ensure proper risk control and manage profit and stop-loss spaces on your own. Specific strategies should primarily focus on the current market, and you can consult for advice.
Alright, friends, we will say goodbye until next time. I wish everyone better and better in the cryptocurrency world, may you have a smooth journey! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice regarding Bitcoin, find Gege.
Article by: I am trader Gege, a friend willing to accompany you in your resurgence.
