Unable to hold, the fundamental reason is that I don't understand. I don't know why I hold. Trading is not about watching position balances and waiting, but about insight into market price patterns. When the price breaks through support or resistance, you need to adjust your mindset in time. Falling behind the rhythm only results in getting hit or missing out.

Hello everyone, I am trader Gege. After weeks of low-range oscillation, Bitcoin finally started to move on the 1st, breaking through 90,000 again. The trend this week and next week is quite critical because it relates to whether the market can undergo a complete reversal. Let’s briefly discuss the technical aspect.

Looking at the weekly candlestick pattern, currently it favors the bulls because the previous candle closed with a solid bullish candle, with the closing price above 90,000, and it also broke through the MA7. The daily chart shows consecutive bullish candles, opening the BOLL indicator into an open state, and it also broke through the MA60. Based on these indicators, it favors the bulls. However, uncertainties still exist—will it rebound or reverse? We need to observe how the weekly candle closes this week. If the current pattern is maintained or even further strengthened, the probability of a reversal increases. Conversely, if it closes with a bearish candle, then we should expect continued consolidation in a larger range.

Additionally, the key resistance (the transition from the lower to the upper boundary of the upward trendline) that Gege has emphasized in previous articles is gradually shifting to the 97,000-98,000 range as the market oscillates over time. If this key resistance can be broken through, then the MA60 on the weekly chart and the middle band of BOLL near that level will be hurdles that bulls must overcome to continue. Remember, technical indicators change gradually over time in response to price movements.

Having discussed the points to watch above, let’s now talk about where to focus on the downside for long entries. In the short term, there’s no need to overcomplicate. Simply follow the principle of support and resistance around 90,000. Currently, this price level corresponds to the weekly MA7 and the daily MA60. As long as the price doesn’t break below this support with a solid candle, it’s safe to go long for a rebound. The overall structure remains within expectations; the big range has not been broken. Whether it’s a complete reversal or a rebound followed by another dip into consolidation, we need more time to confirm. So, the main trend is to watch and see, and the short-term strategy can follow the above ideas.

In summary: For short-term trading, buy near 92,000-91,200. Short positions can be considered near 97,500-98,200. If there’s a breakout to the upside, avoid participating and wait for further updates. That’s all for today.

These suggestions are for reference only. Enter the market with proper risk management, and determine your profit and stop-loss levels yourself. For specific strategies, consult during live trading.

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 the end of today’s brief update. For more real-time suggestions from Auntie Big Pie, find Gege.

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