The essence of trading is survival, and only then is profit. Therefore, before each operation, think clearly about whether your operation is reasonable and whether your capital is safe. Formulate a trading strategy that belongs to you, and continuously optimize and improve it. Although the scholar's suggestions may not make you rich overnight, they can help you to sustain over time. Only those who survive in the cryptocurrency circle for the long term and persist until the end can achieve the results they desire. I hope you understand.
I am a warrior in the cryptocurrency circle who has always been protecting retail investors. I wish my fans financial freedom in 2024. Let’s work hard together!
Cryptocurrency Circle Scholar: 2024.12.3 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 95700. It is currently 2:45 AM Beijing time. Let’s review yesterday's reminder to survive first and keep your chips safe without easily entering the market. How is it? How many long positions did the main force cash out in this wave? Stubborn and not believing in evil? Remember, the essence of trading is survival, followed by profit. In this wave, the market has seen a lot of bearish sentiment, but the scholar still believes that as long as the bullish trend remains unchanged, all pullbacks are traps to induce shorts. Therefore, I entered long at 94500 and am currently holding. You can reference this.
Looking at the daily K-line, the highest was 97200 and the lowest was 94400, just right to bounce back to the EMA15 trend fast line support. After a week, the K-line has returned to the trend indicator. Last week's EMA15 support point was at 91500, and this week's support point has risen to 94500. This is my reason for entering the market. The trend indicator remains bullish. MACD is contracting downwards with a top divergence, and DIF and DEA are expanding downwards at a high level. The Bollinger Bands are still contracting, with the upper resistance level at 100800 and the mid-band support at 94100. KDJ is contracting, and the current trend does not seem to have finished testing the bottom, so necessary defense and stop-loss measures must be in place.
The four-hour K-line shows a long bearish candle, the previous bullish attempt to pull up to 97000 failed, and now it has fallen back to test the bottom at 94400, breaking the EMA60 support at 95500. Thus, the key point is at the EMA90 trend line at 94100. If broken, it is very likely to test the 90000 level. MACD is contracting downwards, and DIF and DEA are close to the 0 axis. The lower Bollinger Band at 95500 has been lost. Currently, the K-line has returned to the Bollinger channel. Focus on whether 97000 can break through. If it doesn’t break, take partial profits on long positions; if it breaks, continue to hold and follow the trend, with a primary focus on long positions and a secondary focus on short positions.
Short-term thinking reference: The market is never 100% certain, so always manage stop-losses. Safety first; the goal is to incur small losses while making large profits.
Long from 94500 to 94000, stop-loss below 94000, target 95500 to 96000, if broken, look for 96500 to 97000.
Short position from 96500 to 97000, stop loss above 97500, target 95500 to 95000, if broken, look for 94500 to 94000.
Currently holding 94500 long positions, so if the long position hits the stop-loss, wait for the next wave to test the 90000 level before continuing to try long positions. If it goes up, take small losses to exit; if correct, hold on with unchanged targets. The practical details have been updated in my actual positions.
Specific operations should be based on real-time market data. For more information, you can consult the author. The article release has a delay, and suggestions are for reference only, with risks self-borne.
This article is exclusively contributed by the cryptocurrency 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 push, the above viewpoints and suggestions are not real-time and are for reference only. Risks are self-borne. Please indicate the source when reprinting. Manage your position reasonably; do not operate with heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on what the issue is. Do not let the profits that should be yours fly away. There is no need to be smarter than the market. When a trend emerges, 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 comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, profession rewards precision, and art rewards heart. Gains and losses often occur unexpectedly. Develop a habit of strictly managing stop-loss and take-profit for each trade. The cryptocurrency circle scholar wishes you happy investing!
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