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Crypto Academy: Latest Bitcoin (BTC) market analysis on 2024.11.13
The current price of Bitcoin is 87800. It is now 10:50 AM Beijing time. After a long sleep, I finally regained some energy. Staying up late is not suitable for the crypto world; the pace is too fast. Hence, my personal experience advises everyone not to hold on to losing positions, use stop-losses, and give yourself a chance to recover. No one in this market becomes decentralized because of stop-losses, but 95% of those who do not use stop-losses will eventually go decentralized. Yesterday, I suggested going long at 88300, and after securing 9000 profits, I didn't provide further insights, just took a break and watched the market.
The daily candlestick yesterday had a high of 89995 and a low of 85100. All EMA trend indicators show bullish signals. The EMA15 fast line support has reached 77950, and it will soon reach near the 80,000 mark in a couple of days. Major corrections have yet to begin. Key attention is on whether today’s daily candlestick can break through and stabilize above yesterday's high. If stabilized, there is a possibility to stretch towards 10. If not, a double top may form, leading to a bearish liquidation. The MACD has been increasing continuously, while trading volume has shown a decline. The daily candlestick has stayed outside the upper Bollinger Band pressure level of 87900 for the last two days but has now returned to the Bollinger Band channel for consolidation. The KDJ shows high-level divergence and contraction.
The four-hour candlestick has hit the upper 90,000 mark five times consecutively. A pressure level that has been attacked for a long time will eventually break. The EMA15 trend fast line support has reached 85400, while the EMA30 support is at 82200. The MACD shows a divergence at the top, which has been decreasing continuously. The DIF and DEA have contracted at high levels. The Bollinger Bands are stabilizing in both directions, with the upper pressure level at 91800 and the middle support at 83500. The KDJ is expanding downwards. From the market's perspective, the bulls still dominate and are pushing upwards, while the bears lack the momentum. After testing the support at 85000, the price has been adjusted upwards and is now at 86000. If support continues to be adjusted upwards in the short term, the upper pressure level of 90,000 is unlikely to hold, making short-term trades feasible.
Short-term reference: There is no 100% certainty in the market, so always set proper stop-losses. Safety first! Small losses with large profits are the goal.
The upper short position is between 88500 and 88900, with a stop-loss of 500 points, aiming for a target between 87500 and 87000. If broken, targets are 76500 and 86000.
Long positions between 85500 and 86000 with a stop-loss of 500 points, targeting 87000 to 87500. If broken, targets are 88000 to 88500.
Specific operations should be based on real-time market data. For more detailed information, please consult the author. The article may have delayed publication; suggestions are for reference only, and risks are to be borne by the reader.
This article is exclusively contributed by the Crypto Academy and represents the Academy's unique viewpoint. Extensive research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be timely and are for reference only, with risks to be borne by the reader. When trading, manage your position reasonably, and do not operate with heavy or full positions. The Academy also hopes that all investors understand that the market is always right. If you make a mistake, summarize your issues; do not let the profits that should belong to you slip away. There is no need to be smarter than the market; when a trend appears, respond accordingly; when there is no trend, observe and remain calm. It is not too late to act once the trend is clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, earth rewards goodness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Cultivate the habit of strictly managing stop-losses and take-profits for every trade. The Crypto Academy wishes you happy investing!
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