The trading market is ever-changing, and the only thing that changes quickly is human nature. Since we have chosen this market, we must choose to face the complex human psyche. Greed, fear, arrogance, pride, underestimating, blindness, regret~~~~~~ The market is like a mirror that reflects the various facets of human nature.
Hello everyone, I am trader Gege. Continuing from last time, the weekend is approaching again, time flies, and we are already halfway through 2025, entering July. There is a saying in the crypto circle: 'Five is poor, six is exhausted, seven turns around.' For bulls and spot traders, there should be great expectations for this saying. During this cycle, many people complain about the difficulty of trading; even those who made profits exceeding A8-A9 in the previous cycle have been brought back to reality. This is because the market has changed in this cycle, and the experiences accumulated from previous cycles have been completely shattered. Many traders who have gone through several bull and bear markets have begun to doubt their trading systems, and some even feel that they suddenly cannot trade anymore. Being educated by the market, recognizing oneself, and making changes are necessary to get back on track. All of this is normal; history is always remarkably similar but does not simply repeat itself.
Back to the main topic, let's talk about the technical aspects of the market. Bitcoin has once again tested the resistance at 111,000 and has pulled back. The previous high resistance area is still effective. From a trend perspective, Gege estimates that if this upward attack ends, there is a high probability of pulling back and creating a new low, with the previous low around 98,000. If the pullback ends and another assault on the previous high is initiated, the probability of breaking through will increase. These estimates are not meaningful for substantive short-term operations but can provide some references for spot trading and medium to long-term traders.
For short-term trading, since Bitcoin is still within the previous framework structure, we should rely on prior support and resistance to participate. The upper limit is defined by the current high point, entering short in the range of 108,500-109,500, and entering long around 106,000-105,500.
From the daily trend of the altcoin, as long as the subsequent market cannot stabilize at the 2,700 level, it will test the 2,200 level again, or even create new low support. Short-term, enter a short position around 2,550-2,570, and enter a long position around 2,450-2,420; if it breaks, re-enter around 2,330-2,300. That's it for today's brief update, just a reference for those who need it.
The suggestions are for reference only. Manage risk when entering the market; control profit and stop-loss space by yourself. Specific strategies should be based on real-time conditions and can be consulted.
Alright, friends, we have to say goodbye until next time. I wish everyone success in their trading, and may your future in the crypto world be bright and smooth sailing! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions regarding Bitcoin, find Gege.
Article by/ I am trader Gege A friend willing to accompany you in making a comeback.
