The reason trading is difficult for many people is precisely because the process of accumulation and practice is exceptionally tedious.
Hello everyone, I am trader Gege. Continuing from the last time, Bitcoin has entered a high position consolidation. The short position at 108000 and the short position at 2480 for Ethereum both yielded good results, and the entry points did not deviate much. Currently, the macro aspects of the market are concerned with interest rate cuts and the S. There is a divergence among Federal Reserve officials regarding whether to cut rates in July, unlike the previous unanimous views, so there is also a possibility of an early release, with the most conservative expectation being September. We just need to be aware of this and not overly concerned, as important news has a high probability of being released ahead of time or delayed in the market.
The stability that stable traders possess is certainly the stability of mindset, not the stability of net value. Net value can fluctuate, but the mindset must not. Not everyone who comes to this market has a naturally good mindset; this can be cultivated over time, of course, it requires real money and not just theoretical discussions.
To get back on track, let's talk about the current market situation. Today is Friday, and there isn't much to say. The overall viewpoint remains unchanged from before. Bitcoin's daily chart is showing a bearish candle starting to adjust, which is expected, as this wave of upward movement without a pullback needs correction. The short-term support to focus on is near the middle band MA7, followed by MA60 and the lower band. The 4H main indicators suggest that the weekend will see range-bound adjustments, with the upper resistance maintaining the previous viewpoint and the lower side focusing on the BOLL lower band and MA60. Ethereum's daily chart has not completely broken below MA7 and MA60, and similarly, it has not broken through EMA200 and the BOLL middle band, so we will continue to focus on this range in the short term.
Today's article does not have specific short-term trading strategies, please inquire. Have a great weekend!
The suggestions are for reference only, ensure risk control when entering the market, manage profit space and stop-loss space yourself, and specific strategies should be consulted during trading.
Alright, friends, we have to say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto space! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin and Ethereum, please contact Gege.
Text by/ I am trader Gege A friend willing to accompany you for a resurgence
