Instead of studying the market, it's better to study oneself. Understanding reflection and introspection allows one to face the market they are involved in more objectively and rationally. Geopolitical risks, trade conflicts, and technical aspects are secondary; the key lies within oneself. Recognizing one's limitations and understanding 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. Let’s briefly update the market forecast for this week. First, let’s review last week’s market. After last week’s weekly close, the market was around the 90,000 line, then it fluctuated and retraced slightly below the 85,000 line before moving up again. This week, the market has returned to the 90,000 line, and the price has not changed significantly. There are slight changes at the daily level, so let’s break it down.

Continuing with the usual approach, we start from the weekly level. The overall structure is still in a low-level fluctuation and adjustment phase, and there’s not much to say. Although the previous candle closed with a pin bar again, the key boundary above has not been broken. This week, the probability of maintaining low-level fluctuations is quite high. If it can break and stabilize above the 92,000 line, then the key boundary above will be at the 96,000 line, continuing the thought from the previous text.

At the daily level, it is testing the BOLL lower support and fluctuating upwards. After the market opened today, it continued to rebound and broke through the downward trend line. From the current shape, if today’s close maintains a solid bullish candle, it can be temporarily viewed as a breakthrough of the downward trend line's pressure. Subsequent retracements that convert to support points can be used to enter long positions. Therefore, the closing situation of the daily line is crucial. If it can close bullish and stabilize above the 92,000 line, we should then pay attention to the pressure from the MA60 and the conversion point of the upward trend line. Conversely, the resistance at the 92,000 line is still worth monitoring. If the support point is broken, we will need to wait again for support near the BOLL lower line. If this level is lost, the probability of breaking the previous low will increase significantly, and it will also present an opportunity for medium to long-term long positions.

In summary, the short-term focus for Bitcoin this week is as follows: short positions at the 91,500-92,100 line; if it breaks and stabilizes above 92,000, wait to short again at the 95,500-96,000 line. Long positions can be taken at the 88,000-87,500 line, and if it breaks, look to enter long at the 85,800-85,300 line. That’s all for today; if there are any breakouts, I will update the article again.

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’ll see you next time. I wish everyone success 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, find Gege.

Written by / I am the trader Gege, a friend willing to accompany you in making a comeback.

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