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Crypto Circle Scholar: Latest Bitcoin (BTC) market analysis for 11.25.2024
The current price of Bitcoin is 97,650. It is now 6:45 AM Beijing time. The previous day's market had a price of 98,400 and dropped to 97,200. The publicly available current price strategy has realized profits. I remind everyone that when one position ends, do not directly start the next one. Wait for opportunities and signals. At 1 AM, a small-level double bottom formed, indicating that the rebound has begun. Bitcoin has retraced to the neck line at 96,000 as expected, with a low of 95,700. After breaking 96,100, I entered the long position and am holding it.
Looking at the market, the daily K-line shows signs of a retracement. The daily neck line has not yet been determined. The EMA15 trend line support has reached 91,000 and is still pulling up. The MACD shows a reduction in volume divergence. The DIF and DEA are showing signs of contraction at high levels. The top of the Bollinger Bands is contracting, and the pressure level is maintaining at the 104,500 mark. The middle band has not finished stretching and has broken 87,500. The strategy is the same as yesterday’s article. In the case of a large-scale bullish trend, all retracements are defined as false signals, with a focus on laying out longs at low levels. Do not hold short positions for too long, and remember to take profits once they exceed 1,000.
The four-hour K-line retracement just touched the previous low point of the 21st, forming a neck line at 95,750. This can serve as a short-term indicator for switching positions. As long as the neck line is not broken, the bulls can hold without rushing to exit. The MACD shows a decrease in volume and an increase in positions. The DIF and DEA are expanding downwards at high levels and encountering resistance. The Bollinger Bands are contracting, and the K-line fell below the lower support of 96,450 before starting to challenge the middle pressure of 98,150. Pay attention to the upper resistance point at 99,850. The KDJ is forming a golden cross upwards, and the bullish strategy can be held. Do not short for now; wait until the previous high is broken or until profits from long positions are taken to find opportunities to enter short.
Short-term strategy reference: The market is never 100%, so always set stop losses. Safety first. The goal is to minimize losses and maximize gains. The strategy focuses on buying on retracements at support and selling on weakness, watch more and act less, do not resist positions.
Sell between 9.95 and 10.0, defend 10.2 to 10.3, set a stop loss of 500 points, aim for 9.90 to 9.80, if broken, look at 9.70 to 9.60.
Buy between 9.60 and 9.65, defend 9.55 to 9.50, set a stop loss of 500 points, aim for 9.80 to 9.90, if broken, look at the 10,000 mark.
Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay, and is recommended for reference only. Risks are borne by the reader.
This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's publication, the above viewpoints and suggestions are not real-time and are for reference only. Risks are borne by the reader. Please note the source when reprinting. Manage your position reasonably and avoid over-leveraging or fully invested operations. The scholar also hopes that all investors understand that the market is always right. If you made a mistake, summarize where you went wrong. Do not let the profits that should have been yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it, follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, Earth rewards goodness, humanity rewards sincerity, commerce rewards trust, profession rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Cultivate the habit of strictly managing stop losses and take profits on each trade. The Crypto Circle Scholar wishes you happy investing!
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