It's Easy to Break the Thief in the Mountain, but Hard to Break the Thief in the Heart

Hello everyone, I am trader Gege. The gold next door has once again reached a new high, and the cryptocurrency market continues to maintain a range-bound fluctuation. Currently, the gold market is filled with positive news, and the voices of all media and financial professionals are highly consistent. Central banks around the world are allocating gold (physical), and Trump has been emphasizing that the next Federal Reserve chairman will definitely lower interest rates. These apparent positive factors are bombarding the market like heavy artillery, and the price of gold keeps climbing higher. However, in a market of competition, when consensus is highly unified, one must maintain a vigilant mindset. Gege often says that when the market is highly unified, the trend often goes against the market consensus. In a market where various forces and information intertwine, what ultimately competes is human nature.

Back to the main topic, let's discuss the market for Bitcoin. The overall structure has not changed; the current structure is not completely broken, and there isn't much to say. The monthly line is still likely to close as a doji, and although the current price is above 90,000 on the weekly level, the K-line is also above MA7, the previous K-line's close does not look good, ending as a small bearish candle with an upper shadow. On the daily level, the K-line is still operating within a large box. Since breaking through the BOLL middle track and MA60, subsequent pullbacks have not broken below MA60 and the middle track, so in the short term, one can rely on the support near the middle track and MA60 to enter long positions. Do not expect a strong bullish breakout above 100,000 in the short cycle, as the key boundary that has been repeatedly mentioned has not yet been tested, which is near the turning point of the upward trend line. As time goes on, the corresponding price is currently around 98,500.

Looking at the box structure, the upper edge is near 95,000, the lower edge is near 85,000, and the center is around 89,000. Short-term long positions can refer to the support near the center. If a break occurs, one should extend to observe the support area near the lower edge. It is still advisable to wait near the aforementioned key boundary point for short positions. Although there is still resistance below the 95,000 level, this price has been tested multiple times, and as time goes on, the probability of breaking the box will increase, so it is better to wait for the key boundary point to enter. This is just Gege's personal habit; when a price is tested multiple times, I will choose to observe mainly, waiting for a new structure to appear before looking for entry points.

In summary: For Bitcoin, consider entering long around 90,000-89,300 and short around 97,500-98,300.

This advice is for reference only. Please manage your risk when entering, 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 continued success and smooth sailing in the cryptocurrency market! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin, find Gege.

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

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