The market is an emotion machine, but you cannot be part of that machine.
Legendary investor Buffett, at 95 years old, has bid farewell, leaving us with his final shareholder letter and four life lessons: 1. The second half of life can be even more exciting. Don't blame yourself for past mistakes; learn from them and look forward. If you want to improve, it's never too late. 2. Find suitable role models and follow them. If you want to become a certain type of person, learn from those who embody that. 3. Success is not about wealth, fame, or power; it's about helping others and making the world better. True greatness is kindness. 4. Remember, the chairman and the cleaner are both human; you are equal in character.
Hello everyone, I am trader Gege. For the big cycle and bullish/bearish views on Bitcoin, you can refer to my previous thoughts. Today, I’ll briefly discuss the short-term technical outlook for Bitcoin. Let’s start with the weekly chart. This week, it’s currently oscillating around $5,000, with no significant change in candlestick patterns. The doji candlestick and the MACD double-line death cross on the weekly chart are noteworthy. If the MACD turns upward above the zero line and crosses with decreasing volume, the space for a bullish rebound could be better. Currently, more room for movement needs to be released, so short-term rebounds should be cautious. The $110,000 level is a major boundary; only a strong bullish breakout and stabilization can sustain the upward trend. Look at the overall trend direction on the big cycle, and find entry points on the smaller cycles.
On the daily chart, the overall candlestick pattern remains in a downtrend channel. I hope the market consolidates longer; only by solidifying support can subsequent rebounds have better potential. After the previous candle closed with a bearish body that slightly broke below the MA7, there was no continuation within the day. Instead, it recovered and closed above most of the decline. That’s the current situation; we need to wait for the daily close to confirm. Since the downtrend channel has not been broken, I will continue to watch for consolidation at lower levels. On the 4-hour chart, narrowing the view, the structure from the previous low to now looks like a consolidation upward channel. Short-term, rely on the lower trendline support to enter long positions. If broken, exit and wait for the $101,000–$100,000 level. There’s not much else to say about the current technicals; wait for the structure to break before re-analyzing. The key point today is that $110,000 is a major boundary to watch, also called a watershed. In the short term, I prefer the market to oscillate at lower levels to solidify the bottom. Beware of violent surges that may indicate large players distributing.
Short-term Bitcoin: Enter longs around $104,000–$103,800, targeting $2,000–$3,000 gains.
This advice is for reference only. Manage your risk carefully, and determine your profit and stop-loss levels yourself. For specific strategies, consult based on real-time conditions.
Alright, friends, until next time. Wishing everyone better and better success. May your crypto journey be smooth and prosperous! More real-time advice will be sent internally. That’s all for today’s brief update. For more real-time tips, find Gege.
Written by / Trader Gege, a friend willing to help you rise again #PI #BTC #ETH
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The market is an emotion machine, but you cannot be part of that machine.
Legendary investor Buffett, at 95 years old, has bid farewell, leaving us with his final shareholder letter and four life lessons: 1. The second half of life can be even more exciting. Don't blame yourself for past mistakes; learn from them and look forward. If you want to improve, it's never too late. 2. Find suitable role models and follow them. If you want to become a certain type of person, learn from those who embody that. 3. Success is not about wealth, fame, or power; it's about helping others and making the world better. True greatness is kindness. 4. Remember, the chairman and the cleaner are both human; you are equal in character.
Hello everyone, I am trader Gege. For the big cycle and bullish/bearish views on Bitcoin, you can refer to my previous thoughts. Today, I’ll briefly discuss the short-term technical outlook for Bitcoin. Let’s start with the weekly chart. This week, it’s currently oscillating around $5,000, with no significant change in candlestick patterns. The doji candlestick and the MACD double-line death cross on the weekly chart are noteworthy. If the MACD turns upward above the zero line and crosses with decreasing volume, the space for a bullish rebound could be better. Currently, more room for movement needs to be released, so short-term rebounds should be cautious. The $110,000 level is a major boundary; only a strong bullish breakout and stabilization can sustain the upward trend. Look at the overall trend direction on the big cycle, and find entry points on the smaller cycles.
On the daily chart, the overall candlestick pattern remains in a downtrend channel. I hope the market consolidates longer; only by solidifying support can subsequent rebounds have better potential. After the previous candle closed with a bearish body that slightly broke below the MA7, there was no continuation within the day. Instead, it recovered and closed above most of the decline. That’s the current situation; we need to wait for the daily close to confirm. Since the downtrend channel has not been broken, I will continue to watch for consolidation at lower levels. On the 4-hour chart, narrowing the view, the structure from the previous low to now looks like a consolidation upward channel. Short-term, rely on the lower trendline support to enter long positions. If broken, exit and wait for the $101,000–$100,000 level. There’s not much else to say about the current technicals; wait for the structure to break before re-analyzing. The key point today is that $110,000 is a major boundary to watch, also called a watershed. In the short term, I prefer the market to oscillate at lower levels to solidify the bottom. Beware of violent surges that may indicate large players distributing.
Short-term Bitcoin: Enter longs around $104,000–$103,800, targeting $2,000–$3,000 gains.
This advice is for reference only. Manage your risk carefully, and determine your profit and stop-loss levels yourself. For specific strategies, consult based on real-time conditions.
Alright, friends, until next time. Wishing everyone better and better success. May your crypto journey be smooth and prosperous! More real-time advice will be sent internally. That’s all for today’s brief update. For more real-time tips, find Gege.
Written by / Trader Gege, a friend willing to help you rise again #PI #BTC #ETH