The patience to wait, the courage to enter a position, the boldness of a heavy position, the determination in holdings, the decisiveness to cut losses, and the steadfastness in take profit are all at the core of trading. Finding what suits you best is the most important thing, whether it is long term, short-term, or ultra-short-term; some gain while others lose. First and foremost, one must recognize oneself.

Hello everyone, I am the trader Gege. Bitcoin has fallen below 100,000, from the big plunge at the beginning of October to the subsequent fluctuating decline, are the bulls feeling desperate? This is the market, there is no eternal rise, nor eternal decline, and certainly no eternal existence. Fluctuations are the norm in the market; if you are a proponent of one direction, then there will be times of abundance as well as times of scarcity. Let's briefly update the technical aspects.

Let me first reiterate my previous views on the bull-bear trend, which remain unchanged. Pay attention to the 90,000 mark; if it breaks and rebounds but fails to stabilize at 100,000, the probability of entering a bear market will be very high. Conversely, if it can even rise to 110,000, then there could be another wave of new highs. During the pullback in March-April at the beginning of the year, Gege's articles were constantly reinforcing the belief in the bulls, but that was during a bullish phase. Now, the confidence isn't as strong; it's more about watching and evaluating as we go.

The weekly candlestick of Bitcoin has broken below the MA60, which is the first time it has fallen below since the rise that started in mid-2023. This is noteworthy, but the upward trend line has not yet been broken. At the same time, the MACD double lines have formed a death cross and are nearing the 0 axis. If it can find support and turn upwards or even cross upwards, it wouldn't be too bad for the bulls. If it can move out, there will at least be a decent rebound wave. We are approaching an important moment; whether we will revisit and consolidate at the bottom or continue to break down past the bull-bear boundary and then oscillate downwards is right in front of us. Therefore, the trend testing position suggestion from Gege will also be initiated.

The Bollinger Bands on the daily chart have fully opened into a downward channel, and there may still be a period of accelerated market movement. The suggestion for entering a position is to wait for the 91000-90000 range. Once the market shows signs of stabilization, start to enter. If there is no stabilization and the price temporarily breaks below 90000, wait for it to reclaim the 90000-91000 range and stabilize before entering. If it breaks below 90000 and continues to decline, or if it does not stabilize after reclaiming, then abandon the entry. Specific operations should be flexibly adjusted according to the market conditions.

The suggestions are for reference only. Ensure proper risk control when entering a position and manage the profit and stop-loss space by yourself. The specific strategy should be based on the market conditions, and you can consult for more details.

Alright, friends, we have to say goodbye until next time. I wish everyone to do better and better, and may your future in the crypto world be bright and smooth sailing! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice from Big Pie Aunt, find Gege.

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