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Academician of the currency circle: 2024.11.17 Bitcoin (BTC) latest market analysis
The current price of Bitcoin is 91300. It is 3 am Beijing time now. Let's review the market first. Yesterday, all major self-media announced short positions at 91500. Finally, I would like to remind everyone to take profits at 91500 points. The intraday market has taken another step forward. The market on Sunday is likely to remain sideways at a high level. The bullish trend is too strong. My idea is very simple. Don't chase the rise. I would rather wait and see than chase the rise. This kind of crazy bull will first keep the chips in my hand and survive. The essence of trading is survival. If you can't be rational, all that is left in your heart is fear and greed. In the end, it is destined to be decentralized.
Let's look at the current K-line pattern of the market. The highest daily K-line is 91780 and the lowest is 90050. The EMA trend indicators are still collectively stretching upward and diffusing. The EMA15 trend fast line support has reached 82200, but the market is hitting 92000, and there is a gap of 10,000 points in it. The MACD top divergence trend has appeared, and the DIF and DEA are diffusing upward from high levels. The divergence of the large-scale market means that the trend may change at any time. The upper rail pressure level of the Bollinger Band opening is still pulling up and has broken 94350. The middle rail has reached 77600. The KDJ dead cross trend has been pulled back to become a golden cross. This back-and-forth market is not suitable for trading mode. Choose key pressure and support when entering the market. If the stop loss is too large, just wait and see.
The continuous high horizontal shadows on the four-hour K-line are all declines after the highs. The EMA15 trend support point is 90,000. The 4-hour MACD top divergence continues to shrink. DIF and DEA shrink, plus the Bollinger Band shrinks. The upper rail pressure level is 92,850. The middle rail 90,000 is difficult to hold. Pay attention to whether the bottom of the box at the lower rail 87,200 can be held as a long and short entry point
Intraday short-term thinking reference: The market is not 100% certain, so you must set a stop loss. Safety first, small losses and big profits are the goal.
The upper side is 92000 to 92500, the defense is 93000 to 93500, the stop loss is 500 points, the target is 91000 to 90000, and the break is 89000 to 88000.
The lower side is 87000 to 87500, the defense is 86500 to 86000, the stop loss is 500 points, the target is 89000 to 90000, and the break is 91000 to 92000
The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the currency circle, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and stay calm. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the currency circle wishes you a happy investment!
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