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Cryptocurrency Academy: Latest Bitcoin (BTC) market analysis on 2024.11.28.
The current price of Bitcoin is 96250. It is now 3:20 AM Beijing time. Although Bitcoin's target of over 95000 was secured yesterday at 91500, the last stop-loss for the short at 95000 is 95600. The bullish trend continues, and whether the U-shaped transition can occur is still to be verified. The upper target can reference the round number of 99000. After all, this wave of pullback has liquidated most of the bulls on-chain, and the main force is eagerly starting to liquidate the shorts. This situation is no longer suitable for chasing longs. Chasing highs and cutting losses is not within our trading system. In cases of sharp rises and falls, wait for stagnation to decide. The bullish trend continues.
The daily K-line has a maximum of 96550 and a minimum of 91800. It has stood above the EMA15 trend support of 92000 twice in a row before stretching. The MACD is decreasing in volume, and the DIF and DEA are currently in a downward bearish position at a high level. The Bollinger Band has contracted, with the upper pressure level at 103000. The mid-band support to watch is 90500. The large-scale span exceeds 10,000 points. The KDJ is spreading downward but is blocked and starting to contract. The overall trend is in a phase of top divergence and contraction, with a high probability of a sharp rise and spike in the market. Everyone can place short orders above 100,000. The current market sentiment is primarily bullish.
The four-hour K-line has returned to the high position of the EMA trend indicator. The U-shape indicator has become more pronounced. The excessive high point is at 98000, and the defense should be at 99000. The MACD has shown an increase in volume and accumulation, with DIF and DEA forming a golden cross. The upper pressure level of the Bollinger Band is at 99,000. The KDJ is spreading upwards and is about to enter the overbought region. As long as it hasn't entered extreme market conditions, the bulls still dominate. Therefore, the suggestion is to buy on dips as the main strategy, since the larger trend is bullish. For short-term, use support points as entry points for long positions. Conservative traders should not short, and aggressive traders should set stop-loss points without holding against the market.
Short-term trading mindset reference: The market is never 100%, so always set stop-losses. Safety first, small losses with large profits is the goal.
Short from 98000 to 99000, with a defense at 99500, a stop-loss of 500, and a target of 97000 to 96000. If it breaks, look at 95000.
Defend from 94500 to 95000, with a stop-loss at 64000 to 93500, a stop-loss of 500 points, and a target of 96000 to 96500. If it breaks, look at 97000.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be a delay in article release, so the suggestions are for reference only and risks are borne by yourself.
This article is exclusively contributed by the cryptocurrency academy and only represents the exclusive viewpoint of the academy. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Control your position reasonably when trading, and avoid heavy or full positions. The academy also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues. Do not let the profits that should have been yours slip away. There is no need to outsmart the market in investing. When the trend comes, respond and follow it; when there is no trend, observe and stay calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards sincerity. Gains and losses often happen inadvertently. Develop the habit of strictly setting stop-loss and take-profit for every trade. The cryptocurrency academy wishes you happy investing!
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