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Cryptocurrency circle academicians: Latest Bitcoin (BTC) market analysis on 2024.11.26.
Bitcoin's current price is 95400. It is now a little past two in the morning Beijing time. How many people followed the previous day's BTC price of 96150? I provided real-time strategies with a target of 98000. I saw many old followers kept up, and new followers were regretting. No need to rush, there are plenty of opportunities. This wave has made a profit of 1800 points. The short position has not yet entered the market for a simple reason: the large-scale trend support is not broken, and all pullbacks should be treated as false signals. Follow the trend, don’t trade against it. As long as we hold above 95000 during this pullback, we can continue to enter and layout long.
Looking at the market, the highest daily K-line is 98900, the lowest is 94500, the EMA15 trend fast line support has come to 91700 and has not yet finished stretching. It is expected to meet with the K-line in the next few days to form a key support point, which can be focused on. The MACD's volume is decreasing with a top divergence, possibly entering a shrinking volume phase. The DIF and DEA are contracting at a high level, and a sharp rise and fall market cannot be ruled out. The upper pressure of the Bollinger band has contracted to 104,000, and the middle track support has broken 888,000. The KDJ is spreading downwards, ending the overbought condition, and entering a sideways repair phase. The bullish trend remains, and the pullbacks are opportunities.
The four-hour K-line is about to reach the rising trend support point and the EMA60 intersection point at 94300. The MACD is decreasing, the DIF and DEA are diverging downwards towards the 0 axis, and the KDJ forms a death cross. All indicators show a bearish trend. However, under the condition of a large-scale bullish trend, small-scale bearish momentum is looking for support to go long. As always, the large-scale trend is bullish, and we primarily go long with the trend. All pullbacks should be treated as false signals. Go long at key support, defend well, and set stop losses. If wrong, cut losses and don’t hold onto losing positions.
Short-term thinking reference: The market does not guarantee a 100% outcome, so always set stop losses; safety is the priority. Small losses and big gains are the goal. In terms of strategy, the focus is on going long at support during pullbacks, with short positions as a supplement. Look more and act less; do not hold onto losing positions.
Long from 95000 to 94500, defending from 94000 to 93500, stop loss 500, target looking at 96500 to 97000, if broken, looking at 97500 to 98000.
Short position from 98000 to 98500, defending from 99000 to 99500, stop loss 500 points, target looking at 97000 to 96500, if broken, looking at 96000 to 95500.
Specific operations should be based on real-time market data. For more information, please consult the author. The publication of the article may be delayed; suggestions are for reference only, and risks are borne by the reader.
This article is exclusively contributed by the cryptocurrency circle academicians and represents the academicians' unique views. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's publication, the above views and suggestions may not be timely and are for reference only. Risks are borne by the reader. When placing trades, control your positions reasonably, and do not operate with heavy or full positions. The academicians also hope investors understand that the market is always right. If you are wrong, summarize where the problem lies within yourself; do not let the profits that should be yours slip away. Investing does not require being smarter than the market. When the trend comes, respond and follow it; when there’s no trend, observe and remain calm. It is not too late to act when the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards honesty, commerce rewards trust, industry rewards precision, and art rewards heart. Gains and losses occur inadvertently. Develop the habit of strictly setting stop losses and take profits for each trade. The cryptocurrency circle academicians wish you happy investing!
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