12.3 Bitcoin Market Analysis

The market is always more noise than signal. Missed opportunities are not losses, and profits after exiting the market are no longer yours. Not every candlestick chart needs to be followed, and not trading for a day is not a waste of time. Trading is a means, and technique is a tool; both are subordinate to the goal of "making money." Any gamble that deviates from this initial purpose is just playing dirty. No one is born liking to stay up late, and no one wants insomnia, because all effort and dedication to making money deserve respect! Hello everyone, I'm Trader Gege. Continuing from last time, Bitcoin's monthly and weekly charts showed a downward probe on the closing day, followed by a strong V-shaped reversal the next day. Previous articles, including the one above, also expressed this view, indicating a high probability of a rebound after a downward probe. The short-term buy signal at 83600 was given, and the price briefly broke below 83800 before finding support and rebounding at 83780. The entry point was slightly off, but the overall strategy was correct. Of course, the strength and speed of the rebound exceeded expectations, and it is currently facing resistance at 94000. The suggested entry points for medium- to long-term positions haven't been provided yet, perhaps due to strong market consensus, which is understandable. The current close of the monthly and weekly charts is also expected, but bulls shouldn't get too excited, as the 95,000 level is a key short-term level. The reasons for this were explained in the article on the 28th, so I won't repeat them here. Today's article will only briefly cover short-term trading.