If a wave of market movements affects your emotions, then your focus should be on how to control your emotions, rather than on the market movements that affect them. Only in this way can you rationally and clearly understand your current situation. In a market suitable for you, keep pace and earn your own profit.
Hello everyone, I am trader Gege. Continuing from the last time, following the previous thoughts for short-term trading, especially with the altcoin, should yield a good result (2950-2920). The market rebounded at 2930, and currently, it is still testing the boundary mentioned earlier, so we need to observe further in the short term. The price of Bitcoin has also reached the expected line of 123000. Friends who bought during the pullback should know what to do next, maintain defenses and manage risk, as this is a left-side test of the position. I won't elaborate on the rest here. If it breaks through again, we will continue to focus on the previously mentioned position of 131000.
There is nothing much to say about the technical aspects of Bitcoin right now. I don't have a strong desire to update the article today; in such a market, more time is spent on practical operations to earn USDT. Let's talk simply. The current price of Bitcoin keeps hitting new highs, with no historical K-line to reference, making it impossible to predict prices or rely on historical K-lines to find support and resistance. In this case, pay more attention to the integer levels and market sentiment.
Currently, many new institutions are buying, and we constantly see news about who has increased their holdings of Bitcoin. The influx of new institutional funds from outside is driving up the price of Bitcoin, making it difficult for small investors to enter. The story ahead is that larger structures will absorb smaller structures. If the current market is in a crazy bull phase, that is, a bull tail market, we need to be more rational. The continuous rise without pullbacks during a crazy bull phase can easily lead people to lose their way, and the final washout will be even more brutal. When you can't understand it, be cautious and trade less, keep your account alive; opportunities will always be there.
Gege personally estimates that this wave of non-pullback rise may be preparing for the interest rate cut announcement, first pushing the price to a certain height. When the interest rate cut finally occurs and the market starts to pull back and adjust, the price offered to the market for picking up chips will not be low, possibly not below 100,000. Simply put, they do not want the market to pick up cheap chips to facilitate better harvesting later on. Today, I will mention a few price references for Bitcoin: first, to reiterate, friends who bought during the pullback at 123000 should maintain their defenses and manage risk well. 123000, 131000, 141800, 153300. These are the prices I think can be focused on later.
The short-term strategy for the altcoin remains to refer to the previous text, as the key boundary is still being tested, and the market's confidence in its rebound has diminished considerably. Will it take an unexpected turn? Let's watch and see.
The suggestions are for reference only; ensure proper risk control when entering the market. Manage your profit and stop-loss space accordingly; specific strategies should be consulted in real time.
Alright, friends, we must say goodbye until next time. I wish everyone success and smooth sailing in the cryptocurrency world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin and altcoins, find Gege.
Text by / I am trader Gege, a friend willing to accompany you in making a comeback.
