The reason why people have emotions remains a mystery. However, there is no doubt that the herd effect driven by emotions occurs during both rises and falls.

Hello everyone, I am trader Gege. Continuing from the last article, let's review the short-term strategy and operational suggestions for Bitcoin from yesterday, which can be considered perfect. The perfect script was fulfilled, with Bitcoin buying positions at 88300-87300, and the market rebounded to 91200 around 87800, providing a space of about 3000 USD. Additionally, buying at 85500-84800 saw the market rebound above 90000 at 84700, offering more than 5000 USD of space. I won't elaborate further; the short-term space is also quite good.

The article was updated around 11 PM last night. For those who can manage their hands, I suggested not participating in the short support for Bitcoin and waiting to enter around 85000, as I indicated there would be a further dip. The market has validated the forecast. Today, I might be a bit boastful, so please understand. The article's thought process and points are accurate; if you followed the article's operations and profited, that's a good thing. If there are mistakes, you should also manage your risk and not blame me, haha! Back to the main topic, let's talk about the market.

With the non-farm payroll data released, the current movement is not significant. The focus is on the summit starting at 2:30 AM and Trump's speech around 4 AM. Before the summit, there will also be a speech from the Federal Reserve, so it's best to minimize participation in the early hours. On the technical side, the daily K-line for Bitcoin has just retraced to the rising trend line drawn yesterday, and the morning's rebound was also blocked at the mid-track that was highlighted yesterday. If the K-line can maintain its current shape, we can look for a continued upward retracement to buy more over the weekend. The short-term focus is still on whether the mid-track and MA30 can break and stabilize; if so, we can at least look towards MA60.

The 4H level has temporarily broken through the mid-track and short-term MA resistance. The upper focus should be on the previous high area, which is the short-term key resistance zone near EMA200 and the upper track. The lower focus remains on the support near the trend line. The daily level for Gege is still the same; we need to pay attention to whether MA7 can break and stabilize. Gege's performance is still unsatisfactory, and there hasn't been an independent rebound recently, suggesting there may still be signs of continued washing out. The 4H level tonight to tomorrow needs to observe whether MA60 and the upper track area can break and stabilize; if not, there will still be a retracement action.

Tonight, there are many significant news events, and there may be quite a few surprises, so it's best to choose to stay out and observe, rather than trying to participate in every market movement. I won't provide short-term suggestions in today's article; you can consult if needed. The overall big idea remains unchanged. Since the end of February, the trends and short-term suggestions in the articles have yielded good results as long as you keep up. Tomorrow is the 38th Festival; girls should reward themselves and their mothers well, and boys should buy gifts for their girlfriends (wives) and mothers. Isn't the meaning of earning money to make life better for ourselves and our families?

Finally, let’s take a look at the outlook. The following image was provided in the article on March 3rd. The value of this chart is increasing. We are waiting for the market to validate whether it can complete the final segment of the 5-wave movement.

The suggestions are for reference only. Please manage your risk when entering the market, and control your profit and stop-loss space. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone continued success in trading and smooth sailing in the cryptocurrency world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Gege, please reach out.

Written by/ I am trader Gege, a friend willing to accompany you in your resurgence.

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