Market games will make you recognize your weaknesses and the imperfections of human nature. In this process, you will start to think, improve yourself, change yourself, avoid weaknesses, and leverage strengths. In the end, you will understand that it is not just about gaining money, but also about enhancing cognition, shaping character, and being more rational, calm, and composed when facing other challenges in life.

Hello everyone, I am trader Gege. Continuing from the last discussion, fluctuations are also a state of the market and are quite normal. The technical structure of Bitcoin has not changed; it is still in a state of fluctuation and adjustment. Especially for Bitcoin, although the long positions have been executed, it has not moved out of a decent range. The overall thinking has not changed for now; it just has not broken through the upper resistance for a long time. As time goes on, the probability of a downward probe followed by a rebound has increased compared to a direct upward movement.

The daily level of Bitcoin has tested the 88,000 line for three consecutive days without stabilizing. Therefore, today the probability of the K-line first retracing to near the MA7 has increased. This line is also near the lower trend line support mentioned before, and can be referenced in the short term. If it effectively breaks down, it will seek new support downwards, gradually referencing the lower support area. Once a breakdown occurs, the probability of testing 80,000 will be very high, and even if this situation arises, it is within expectations. Conversely, if it does not break down, then the short-term structure will still be a fluctuation upwards, focusing on whether it can break through and stabilize near the previous high.

The daily level of Ethereum is facing resistance from MA30, similar to Bitcoin at that time, so we need to observe whether it can break through and stabilize. Currently, the market is testing the support area, and if it effectively breaks down, it will return to the previous range of 1950-1880. My personal short-term thoughts are just these for now.

Short-term Bitcoin: Long positions at 86,500-85,800, if it breaks, long positions at 84,300-83,800.

Short-term Ethereum: Long positions at 2,010-1,980, if it breaks, long positions at 1,950-1,930.

The suggestions are for reference only. Please manage your risk when entering the market, and control 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 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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