Some believe only after seeing, while others believe only after seeing; when the market is trending with the trend, it shapes you, and when against the trend, it educates you. Previously, I thought the most despairing thing was heartbreak, but I later realized that hollow eyes are a sign of a dead heart! Never be pessimistic, close your eyes, sleep, and a new dawn will come!

Hello everyone, I am trader Gege. Let’s first review the previous Bitcoin thoughts and market trends. The focus of the last few articles has always been on one level, which is the 95,000 line. The market also encountered resistance and retreated below the 94,550 line. This is currently an important short-term boundary in the structure because it is the area where the ascending trendline bottom-top transition and the descending trendline overlap and suppress.

Today is Monday, as usual, I will share my personal views from a technical perspective. This week, there will be non-farm payroll data and CPI data. Before and after the release, there will definitely be short-term liquidity, but the current technical structure is what we need to focus on. Sometimes, news is just for observation and not suitable for trading; at least I am not very good at short-term fluctuations based on news because of the many confusions and the feedback from technical analysis. Looking further back, I remember that when the first rate hike was announced, the market actually surged for a while. More recently, before the rate cut was implemented, there was some upward movement, but after implementation, it still retraced, and the key resistance was not even touched. So, it’s better to return to technical analysis to estimate the subsequent market.

Looking at Bitcoin’s weekly and daily charts together, the overall candlestick structure has not changed much; it is still oscillating within a low-range box. On the weekly chart, note that the closing price did not go above 90,000, and the MACD double lines broke below the zero axis. On the daily chart, the Bollinger Bands are narrowing, and the moving averages are around the middle band, indicating a potential turning point. Combining this with the trendline resistance pattern, here is Gege’s market forecast.

Currently, the short-term upper boundary is around 92,000. If the market cannot break through this rebound, it will oscillate downward again to test support. Conversely, if it breaks through and can stabilize above 90,000 after a pullback, the upward trendline resistance will shift higher, with the next boundary at around 96,000. For short-term support, observe the 4H candlestick horizontal support, focusing first on the previous low, and then on the area above 85,000.

In summary, in the short term, shorting Bitcoin at the rebound zone of 91,500-92,100 is recommended. If it breaks through 92,000 and can stabilize above 90,000 after a pullback, then wait for the 95,500-96,000 zone to short again. If the previous low is not broken, consider going long at 88,300-88,000. If broken, look for long entries around 85,800-86,300. For medium and long-term, refer to the previous article’s suggested position sizes. That’s all for today; if a breakdown occurs, I will update the article again.

These suggestions are for reference only. Enter the market with proper risk control, and manage profit and stop-loss levels yourself. For specific strategies, consult based on real-time conditions.

Alright, friends, that’s all for today. See you next time. Wishing everyone better and better performance, and a smooth journey in the crypto world! More real-time advice will be sent internally. That’s all for today’s brief update. For more real-time suggestions from Auntie Bitcoin, find Gege.

Text / I am trader Gege, a friend willing to help you make a comeback #BTC