The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your operation is reasonable and whether your capital is safe. You need to form a set of trading ideas that belong to you and continuously optimize and improve them. The Academician's suggestions may not make you rich overnight, but they can keep you going. Only those who survive in the crypto circle for the long term and persist until the end can achieve the results they desire. I hope you can understand this.
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Crypto Circle Academician: 2024.11.20 Bitcoin (BTC) latest market analysis
The current price of Bitcoin is 93200. It is now 2:30 AM Beijing time. Let's review yesterday's thoughts. The suggestion yesterday was to enter the market after a rally. Before the publication, it was setting new historical records. The upper target focuses on 94000. After it breaks, you can start to test short positions. Remember to defend and set stop-losses. Do not hold onto losing positions; if wrong, exit, and if right, hold. Leave the chasing of prices to others. If the market shows a rapid upward trend, do not rush to enter. As long as it breaks above 94000 and encounters obvious resistance, you can start to enter.
After the daily K-line stretches upwards and breaks, the EMA15 trend fast line support has reached 85200 and has not ended; the stretch continues. Various trend indicators continue upwards, with MACD top divergence unchanged, DI and DEA expanding at high levels. The Bollinger Bands are opening up, and the distance between the upper and lower tracks is increasing. The upper track has reached 98850, and the middle track is at 80500. The trend remains in the overbought area. The strategy is to avoid chasing long positions in divergence. The conservative approach is to observe and prioritize preserving your chips. Survive first, remember that the essence of trading is survival. Aggressive traders can look for opportunities to plan for shorts.
The four-hour K-line has broken the ascending triangle flag pattern. According to the flag pattern indicator, there is indeed a lot of space above, and we could even see a target of 100000. There are obvious signs of a bullish violent stretch appearing, and it cannot be ruled out that this is an indicator deliberately given by the main force. Therefore, we can only wait until the market completes before making judgments. The MACD has ended the contraction and started to expand upwards. The DIF and DEA have formed a golden cross above the 0 axis. The trend has just formed, and the bullish momentum is very strong. After breaking the historical high, the Bollinger Bands have also opened up. The K-line has breached the upper track of 92900, and the middle track support line is at 9100. The KDJ is opening upwards, and the market has entered the overbought zone. The main force may take profits at any time, so be careful not to get trapped. At this moment, retail investors should not catch the falling knife; let the main force pull it themselves. Be rational and ensure to preserve your chips, survive first. Aggressive traders can plan for shorts at high positions.
Short-term strategy reference: The market is never 100% certain, so be sure to set stop-losses. Safety is the priority. Small losses and big gains are the goal.
Focus on the pressure range of 93900 to 94400 to start planning for shorts. Defend at 95000, set a stop-loss of 500 points, and aim for targets of 92500 to 91500. If it breaks, look at 90500 to 90000.
Focus on the support range of 90000 to 89500 to start planning for longs. Defend at 89000, set a stop-loss of 500 points, and aim for targets of 91000 to 92000. If it breaks, look at 92500 to 93000.
The specific operations are primarily based on real-time market data. For more information, you can consult the author. The release of the article has a delay; suggestions are for reference only, and risks are borne by yourself.
This article is exclusively contributed by the Crypto Circle Academician and represents the Academician's exclusive views. There is 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 borne by yourself. Please indicate the source if reprinted. Reasonably control your positions in trading and avoid heavy or full positions. The Academician 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 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 remain calm. It is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The way of heaven rewards diligence, the way of the earth rewards goodness, the way of humanity rewards sincerity, the way of business rewards trust, the way of profession rewards precision, and the way of art rewards heart. Gains and losses are often unnoticed. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Crypto Circle Academician wishes you happy investing!
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