Investing should not be rushed when it shouldn't be, and it must be rushed when it should be. The weaknesses of human nature dictate that trading requires rationality, emphasizing probabilistic thinking, and thoroughness is very important. Trading methods must possess thoroughness; otherwise, there is a possibility of exiting the market. Trade within the realm of your understanding, and do not hope to catch every wave of the market; otherwise, you will only be dominated by it.

Hello everyone, I am trader Gege. Continuing from the last time, the Bitcoin market has seen a rebound, closing positively on Sunday, and today it continues to rise, basically completing the breakthrough of the middle track and MA30. This wave of upward fluctuation is relatively healthy; after the strong rise at the beginning of the month, the subsequent drop is more influenced by news. Currently, although the market is testing the key previous high boundary again, the selling pressure is significantly less compared to the beginning of the month. Today is Monday, and let's discuss the market from a technical perspective.

The weekly level of Bitcoin has been mentioned multiple times before. Currently, it looks like it has broken through MA30, with the upper boundary being near MA7, which we previously noted to pay attention to. If it can break and stabilize this week, we can look optimistically towards the middle track; otherwise, we will continue to observe the MA7 and the previous lower boundary area for fluctuations. The current pattern is still relatively favorable for bulls. On the daily level, the candlestick has risen above MA30. If it can maintain this state until the close, then it should have no problem reaching the upper boundary, at least touching the 89000 level. The structure of this upward fluctuation is quite healthy; as long as the retracement does not break MA30 and the middle track, the short-term main theme will continue to favor buying on dips.

The 4H level candlestick has formed an upward channel, currently testing the breakthrough of EMA200. The small upper boundary is near the upper trend line of the upward channel; in the short term, this line can be referenced as resistance, corresponding to a price around 90000. If it breaks strongly, we need to pay attention to the major boundary around 92000-93000, which is also the MA60 line on the daily level, with key support in the short term being the lower trend line area.

The daily level candlestick has broken through the middle track pressure that has lasted for several days, with short-term resistance currently near MA30 and the upper boundary. The performance of the 4H level candlestick is relatively strong, and there is a probability of another upward push. We should pay attention to the resistance area near EMA200 above, and a short position can be considered at this line. The short-term strategy for Bitcoin remains the same as before, focusing on buying on dips as much as possible. Below, we should pay attention to the 2020 level; as long as the retracement does not break this level, the bullish sentiment remains dominant.

Short-term Bitcoin: Buy around 86000-85500, aggressive buy around 87500-87000. Short around 90000 with a 500-dollar range.

Short-term Ethereum: Buy around 2055-2025. Short around 2150 with a 20-dollar range.

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

Alright, friends, we will say goodbye until next time. I wish everyone success in their trading endeavors and smooth sailing in the crypto 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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