The essence of trading is survival, and profit comes second. Therefore, before each operation, think clearly about whether your actions are reasonable and whether your capital is safe. You need to develop your own trading strategy, continuously optimizing and improving it. The suggestions from the Cryptocurrency Academy may not make you rich overnight, but they can ensure that you are always engaged. Only those who survive long-term in the cryptocurrency space and persist until the end can achieve the results they desire. I hope you understand.

I am a warrior from the Cryptocurrency Academy, always protecting the investors. I wish my fans can achieve financial freedom in 2024. Let's work hard together!

Cryptocurrency Academy: 2024.11.22 Bitcoin (BTC) latest market analysis.

The current price of Bitcoin is 98888. It is currently 3:15 AM Beijing time. Before the article was published, Bitcoin broke its historical high again and reached the 99000 mark, only 1000 points away from the 100000 barrier. Yesterday, I went long at 94000 and took profit at 97000, gaining 3000 points, and have been watching since then. The real trading details have been disclosed for everyone's reference. Currently, I have not re-entered. The trend remains bullish, but remember not to trade against the trend if it is not adjusted.

Looking at the market, the daily K-line had a highest of 99100 and a lowest of 94000. The EMA trend indicators are still violently stretching. The EMA15 has reached 88000, and MACD continues to show top divergence. The Bollinger Bands are expanding upwards, having broken the 102000 barrier. KDJ is facing upward resistance. The trading volume is insufficient. It is clear that currently, only major players are driving the market, while most people choose to go long with the trend. Collective effort fuels the fire, while shorts are continuously being liquidated. Those who have not been liquidated are still holding positions. What remains is shock and fear, and the greed index has broken historical records. High-level market conditions are no longer visible at the top.

The four-hour K-line is stretching upwards, the EMA trend indicators show a bullish trend, and MACD is increasing. The Bollinger Bands are expanding upwards. The upper band at 98400 has been broken, with the middle band support at around 93650. Almost all short-term indicators show divergence. Market fluctuations are several thousand points. At this time of rapid rises and declines, I suggest everyone to first protect their holdings and focus on survival. You may choose not to set a take-profit, but you must set stop-loss levels. If you are wrong, you must admit the mistake. In the cryptocurrency space, you must learn to admit mistakes. Do not fight against the market or be stubborn.

Short-term trading strategy reference: There is no certainty in the market, so always set stop-losses. Safety first; the goal is to minimize losses and maximize profits. The strategy is to primarily go long on support retests, with short positions as a supplement. Observe more and act less; do not fight against the market.

Sell short from 10.2 to 10.3, stop loss at 500 points, target at 10.0 to 9.95, if broken, look at 9.90 to 9.70.

Buy long from 9.40 to 9.30, stop loss at 500 points, target at 9.60 to 9.70, if broken, look at 9.80 to 9.90.

Specific operations should be based on real-time market data. For more detailed information, you can consult the author. There might be delays in article publication; suggestions are for reference only and risks are self-borne.

This article is exclusively provided by the Cryptocurrency Academy and represents the Academy's exclusive views. In-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Risks are self-borne. Please indicate the source when reprinting. Reasonably control your position and avoid heavy or full positions. The Academy also hopes that all investors understand that the market is always right. If you are wrong, summarize where your problems lie. Don't let the profits that should be yours fly away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and be still. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards goodness, humanity rewards honesty, commerce rewards trust, industry rewards precision, and art rewards sincerity. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each order. The Cryptocurrency Academy wishes you a happy investment!


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