The essence of trading is survival, and only then comes profit. So, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading philosophy that belongs to you and continuously optimize and improve it. Although the cryptocurrency circle scholar's advice may not make you rich overnight, it can keep you in the market. Only those who survive in the cryptocurrency market for the long term and persist until the end can achieve the results they desire. I hope you understand.
I am a warrior in the cryptocurrency circle, always protecting the investors. I wish my fans financial freedom in 2024. Let's keep up the effort!
Cryptocurrency circle scholar: 2024.12.3 Bitcoin (BTC) latest market analysis.
The current price of Bitcoin is 95700. It is now 2:45 AM Beijing time. Let's review what I reminded everyone about yesterday: stay alive and keep your chips safe without easily entering the market. How much profit have the main forces taken in this wave of long positions? Are you stubborn and not believing in evil? Remember, the essence of trading is survival, and then comes profit. In this wave, the market has seen a lot of bearish voices, but the scholar still believes that under the unchanged bullish trend, all pullbacks are traps to lure shorts. Therefore, I entered long at 94500 and am currently holding. You can refer to this.
Looking at the daily K line, the highest is 97200 and the lowest is 94400, just touching the EMA15 trend fast line support. After a week, the K line has returned to the trend indicator. Last week's EMA15 support point was at 91500, and this week's support point has risen to 94500. This is my reason for entering the market. The trend indicator remains bullish, the MACD is contracting downwards with a top divergence, and the DIF and DEA are spreading downwards at high levels. The Bollinger band is still contracting, with the upper pressure at 100800 and the middle support at 94100. The KDJ is contracting, and currently, it seems that the bottom testing is not over, so it is necessary to maintain good defense and stop-loss.
The four-hour K line shows a long bearish candle, the previous upward pull to 97000 failed, and now it has fallen back to test the bottom at 94400, breaking the EMA60 support at 95500. The key point is the EMA90 trend line at 94100. If it breaks, it is very likely to test the 90000 mark. The MACD is contracting downwards, and the DIF and DEA are close to the 0 axis. The lower Bollinger band at 95500 has been breached. Currently, the K line has returned to the Bollinger channel. Pay attention to whether the position at 97000 can break. If it doesn't break, take some profit from long positions. If it breaks, continue to hold and follow the trend, with long positions as the main and short positions as the supplement.
Short-term thinking reference: There is no 100% in the market, so always set stop-loss; safety first. Small losses and big gains are the goal.
Long positions from 94500 to 94000, stop-loss below 94000, target 95500 to 96000, if broken, look at 96500 to 97000.
Short positions from 96500 to 97000, stop loss above 97500, target 95500 to 95000, if broken, look at 94500 to 94000.
Currently holding long positions at 94500, so if the long position hits the stop-loss, wait for the next bottom test at 90000 before trying long positions again. If it's too much, exit with a small loss; if it works, hold the target unchanged. The author has updated the actual position details.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article release; suggestions are for reference only and risks are self-borne.
This article is exclusively contributed by the cryptocurrency circle scholar and represents only the scholar's unique viewpoint. In-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article push, the above viewpoints and suggestions are not real-time and are for reference only. Risks are self-borne. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should analyze 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 arises, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act after the trend becomes clear. Tomorrow's success is rooted in today's choices. Heaven rewards diligence, earth rewards goodness, humanity rewards sincerity, business rewards trust, industry rewards excellence, art rewards heart. Gains and losses are often unnoticed. Develop the habit of strictly setting stop-loss and take-profit for each trade. The cryptocurrency circle scholar wishes you happy investing!
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