Instead of studying the market, it is better to study oneself, to understand reflection and introspection, allowing oneself to face the market one participates in more objectively and rationally. Geopolitical risks, trade conflicts, and technical aspects are all secondary; the key lies in oneself. Understand one's own limitations and realize that the essence of trading is not defense, but a planned offense.



Hello everyone, I am the trader Gege. Today is Monday, and the overall structure of Bitcoin has not changed much. I will briefly update the market forecast for this week. Let's first review last week's market. Last week, the weekly closing was around 90,000, then there was a fluctuation and a slight drop below 85,000 before moving upward again. This week, the market has returned to around 90,000, and the basic price has not changed significantly. There are slight changes at the daily level, so let's analyze it.

Continuing with the old routine, let's start from the weekly level. The overall structure is still in a low-level oscillation adjustment stage, and there isn't much to say. Although the previous candlestick has once again closed with a small body, the critical boundary above has not been breached. This week, the probability of maintaining low-level oscillation is quite high. If it can break through and stabilize around 92000, then the critical boundary above will be at the 96000 level, and this idea continues from the previous text.

The daily level is once again testing the support of the lower Bollinger Band and is oscillating upward. After the market opened today, it continued to rebound and broke through the descending trend line. Based on the current formation, if the daily closing line maintains a solid bullish candle today, it can temporarily be considered a breach of the downward trend line's resistance. Subsequent pullbacks that convert into support points can be used to enter long positions. Therefore, the daily closing situation is crucial to monitor; if it closes bullish and stabilizes above the 92000 level, we should extend our attention to the pressure from the MA60 and the top and bottom conversion points of the ascending trend line. Conversely, the resistance at the 92000 level is still worth noting. If the support point breaks, we will need to wait again for support near the lower Bollinger Band. If it is breached here, the probability of breaking below previous lows will increase significantly, which may also bring an opportunity for medium to long-term long positions.

In summary, the short-term highlights for Bitcoin this week are as follows: short positions between 91500-92100. If it breaks and stabilizes above 92000, wait to short again between 95500-96000. On the downside, long positions can be taken between 88000-87500, with a break point for long positions at 85800-85300. That's it for today; if there is a break, I will update the article again.

Suggestions are for reference only. Enter the market with proper risk control, manage profit and stop-loss spaces on your own, and for specific strategies, feel free to consult during trading.

Alright, friends, we will say goodbye until next time. I wish everyone to do better and have a bright future in the crypto space! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice from Auntie Bitcoin, find Gege.

Text / I am the trader Gege, a friend who is willing to help you rise again #BTC #ETH #PI
BTC-1,13%
ETH0,77%
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