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Coin Circle Academician: 2024.11.29 Bitcoin (BTC) latest market analysis
The current price of Bitcoin is 95050. It is 3:40 am Beijing time. From the overall market situation, Bitcoin will continue to consolidate at a high level. Yesterday's thinking said that the bullish trend remains unchanged, and all retracements are opportunities. However, there is no suitable entry point for both long and short positions, so there was no arrangement yesterday. I chose to continue waiting for opportunities and entry points. I have said before that before the bus we are waiting for arrives, we just need to wait at the station. Don't get on the bus casually, otherwise you will go further and further away.
Let's look at the current market. The highest daily K-line is 96565 and the lowest is 94640. It has been trading sideways almost all day. It is a slow decline. The EMA15 trend fast line support has not ended and has stretched to 92400. MACD has shrunk downward, and DIF and DEA have spread downward from high levels. The Bollinger Bands have shrunk, and the upper track has fallen to 102500. The middle track has stretched to 91500. It was still at 90500 the day before yesterday. The support has moved up and KDJ has shrunk. This is a typical stage of boiling a frog in warm water. Everyone should pay attention.
The four-hour K-line has formed a teacup shape, and the top has been determined to be a short-term high point formed at 97200. Then the next time it probes this position, you can arrange a short position and just wait for the time being. The fast line has now come to the intersection of EMA trend indicators 15 and 30 at 95000. The overall trend is shrinking, so two positions can be used as reference. The key pressure is the previous high of 97200, and the key support is above EMA120 trend line support at 90300. The MACD volume decreases, the ladder volume decreases, the DIF and DEA are blocked by the upward pressure of the 0 axis, and begin to shrink. The Bollinger Bands move downward into a downward channel. The upper rail pressure level refers to 97150, and the lower rail support comes to 91300. The overall trend is currently at a short-term crossroads, but don’t forget that the bullish trend has not ended yet. The short-term is indeed in a downward channel. If 90,000 is not broken, go long decisively, and go short at 97,000 above for defense, with a good stop loss
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.
Above 97000 to 97500 short, stop loss 500 points, target 96000 to 95000, break to see 94000 to 93000
The lower side is 91500 to 91000, the defense is 90500 to 90000, the stop loss is 500 points, the target is 92500 to 93000, and the break is 94000 to 95000
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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