The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your operation is reasonable and whether the principal is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the advice from the cryptocurrency community's scholars may not make you rich overnight, it can ensure your continuous presence. Only those who survive long-term in the cryptocurrency space and persist until the end can achieve the results they desire. I hope you can understand this.
I am a warrior in the cryptocurrency community who has always protected the investors. I wish my fans to achieve financial freedom in 2024. Let's work hard together!
Cryptocurrency Community Scholar: Bitcoin (BTC) latest market analysis as of 12.1, 2024.
The current price of Bitcoin is 97000, and it is now 4:15 AM Beijing time. There are less than four hours left until the monthly close. The weekly chart shows a long lower shadow, while the daily candlestick shows an ascending triangle trend. All voices in the market are bullish, with the reasoning being that if the historical high breaks again, the market will attract a retaliatory stretch. According to the indicator trend, as long as we break 99600, Bitcoin will not stop at 100,000 but will go higher into the unknown. We do not need to look too far into the future; we should focus on the trends that are emerging.
The daily candlestick has a high of 97500 and a low of 96000. The long and short strategies provided yesterday were not executed. The principle of preferring to miss out rather than making mistakes remains unchanged. The vehicle we want to board has not arrived; we are waiting at the station. The EMA15 trend fast line has reached 93550, and MACD volume continues to shrink. DIF and DEA are diverging downwards from a high position, and the Bollinger Bands have begun a new round of contraction, indicating that a reversal is imminent. Either we break through the 100,000 mark or fall below the 90,000 mark. The upper resistance level has reached the 100,000 mark, the middle support has broken 93000, and the lower support remains at 86000. KDJ has formed a golden cross trend, favoring the bulls.
The four-hour candlestick has also shown bullish indicators, targeting 99000, with support focusing on the critical point of EMA30 at 96000. MACD volume is decreasing; DIF and DEA are contracting at high levels, and the Bollinger Bands are also contracting. The upper band is at 98000, and the lower band is at 94600. Market sentiment is in a stable phase, which is what I referred to yesterday as 'boiling a frog in warm water.' The main force has begun to use Sun Tzu's Art of War. At this time, it is essential to manage risks well, whether shorting at high levels or going long at low levels; always set stop losses to prevent liquidation.
Short-term strategy reference: There is no hundred percent certainty in the market, so always ensure stop losses. Safety first; the goal is to minimize losses and maximize gains.
Sell between 98000 to 98500, with a stop loss at 99000 to 99500, stop loss of 500 points, and a target of 97000 to 96000. If broken, look at 95000 to 94000.
Buy between 94500 to 95000, with a stop loss at 92500 to 93000, stop loss of 500 points, and a target of 96000 to 97000. If broken, look at 98000 to 98500.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication, and the suggestions are for reference only; risks are borne by yourself.
This article is exclusively contributed by the cryptocurrency community's scholar and represents the scholar's unique perspective. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of article distribution, the above views and suggestions may not be timely and are for reference only; risks are borne by yourself. Please indicate the source when reproducing this content, and manage your positions rationally. Do not operate with heavy or full positions. Scholars also hope that investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let profits slip away. It is unnecessary to be smarter than the market. When there is a trend, respond and 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. The way of heaven rewards diligence, the way of earth rewards goodness, the way of humanity rewards sincerity, the way of commerce rewards trust, the way of industry rewards precision, and the way of art rewards heart. Gains and losses often happen unintentionally. Cultivate the habit of strictly managing stop losses and take profits for each trade. The cryptocurrency community's scholar wishes you happy investing!
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