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7.5 weeks 7️⃣ Gu Ye All Day
Yesterday morning, my phone was flooded with messages from several friends, all asking for my take on Bitcoin. After all, the price has been climbing steadily these past few days, and everyone is wondering: Is this a rebound or has the bull truly returned? While juggling short-term trades, I also sorted out the mid-to-long-term trend. Structurally, Bitcoin's bottom is indeed gradually rising, which isn't a bad thing. After repeatedly scrutinizing the chart, I laid out yesterday's strategy and levels, and looking back now, it's mostly within expectations.
Our main theme during this period hasn't changed: long orders as the main position, short orders as the support. Yesterday, Bitcoin first dipped slightly, hitting the key support level of 62,330, then rebounded swiftly—the rhythm was very clear. As for short orders, the range I marked was 63,300–63,800. That midnight rally peaked at 63,450, exactly touching the minor resistance level I mentioned during the livestream, followed by a morning decline of roughly 800 to 900 points, bottoming out near 62,500. In my view, this retracement isn't a sign of weakness—it's making room for the next upward move.
My own plan moving forward is clear:
For long orders, as long as the retracement doesn't break 62,330, I'll keep looking for opportunities to go long. If placing passive limit orders, I'll position them in the 61,700–62,200 zone in batches.
For short orders, I'm still watching the 63,300–63,800 area. Once it hits there, I'll take a small short position with strict stop-loss in place.
One thing I must remind myself: today's trades must be closed today—no holding positions overnight. Tomorrow is Monday, and the rhythm will shift again. Holding trades overnight means holding on to uncertainty—there's no need for that.
Short-term is short-term; take it step by step, just execute properly.
Suggestions:
Bitcoin: Go long near 61,700–62,200
Target: 63,300–63,800
Ethereum: Go long near 1,710–1,730
Target: 1,810–1,850