The market itself has no emotions, but the people in the market are full of emotions. In the market, you will see various emotions such as greed, fear, arrogance, pride, blindness, and regret, and these emotions often affect the results of trading.

Hello everyone, I am trader Gege. Continuing from the last article, the weekend saw narrow fluctuations, and the strategy for Bitcoin was accurate for both long and short positions. Those who followed the short-term trades would have achieved certain results, and the same goes for the long positions in Ethereum. Today is Sunday, and I will briefly update the article, and after the weekly close, I will provide a more detailed outlook for next week.

On Saturday, Bitcoin fluctuated in the range of 84500-83500, which aligns with the previous thoughts. Today, we welcomed a small breakout, but it faced resistance around 85300 and entered a correction. The daily candlestick is rebounding and testing the resistance near the middle track and MA60 again. Meanwhile, MA30 is also approaching MA60, forming short-term resistance. Therefore, the focus for the daily level is on the resistance near MA60-MA30. If it cannot break through and stabilize, it will continue to fluctuate downwards; conversely, if it breaks through the previous high, it will continue to test the upper track.

For the 4H level, the short-term support still focuses on the trendline mentioned earlier. Currently, the corresponding price is around 84000-83000. If it breaks below, we will look at the support of the box center, corresponding to the price range of 81000-80000. The key focus above is still near EMA200, which is the boundary for the highs. Overall, the structure has not changed significantly, so we will temporarily refer to these points for short-term entries.

For Ethereum, we still need to pay close attention to the middle track near the daily level. This is a short-term boundary; if it breaks through and stabilizes, it will continue to test near MA30. Conversely, it will test the support above 1900 again. If this support is lost, the market will return to the previous box area. The upper resistance area remains the same, and the overall short-term structure has not changed, so we will continue to follow this thought and wait for the structure to break before making adjustments.

Short-term for Bitcoin: If it does not break 83000, go long in the range of 83800-83500; if it breaks, go long in the range of 81500-80800. Short around 86000 with a 500 USD range.

Short-term for Ethereum: If it does not break 1900, go long in the range of 1950-1930; if it breaks, go long in the range of 1870-1830. Short around 2050 with a 20 USD range.

The suggestions are for reference only. Please manage your risk when entering the market, and control your profit and stop-loss space accordingly. For specific strategies, please consult during trading.

Alright, friends, we will say goodbye until next time. I wish everyone success in their trading endeavors 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 on Bitcoin and Ethereum, find Gege.

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

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