The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Crypto Circle Academician: December 16, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 103,200. It is now a little past four in the morning Beijing time. I have been reminding everyone that as long as the bullish trend remains unchanged, all pullbacks should be treated as a trap for shorts. The price movement before today's publication has stretched 2,000 points compared to the point at which yesterday's article was published. Many people who saw the market yesterday ran away, which means my heartfelt advice was not in vain. The bullish trend continues, and a new historical high is within reach. Whether it can break through and shatter the bears' fantasies remains to be seen. For now, let's analyze based on the current market trend.

The daily K-line reached a high of 103,500 and a low of 101,230. The EMA15 trend indicator's fast line has broken through 99,000, indicating a continuation of the bullish trend. The EMA30 trend support point is at 95,300. The MACD shows a decrease in volume and an increase in positions, with the DIF and DEA contracting at high levels, indicating a continuation of the top divergence trend. Overall, the main force could stretch at any time to continue refreshing historical records. After the Bollinger Bands contracted, signs of opening have appeared. The K-line has also reached the upper Bollinger Band at 103,555. The KDJ is opening upwards, indicating a trend ready to take off. I do not recommend chasing highs or cutting losses. My thinking is clear: the bullish trend is good, but I won't act if the trend is not adjusted.

The four-hour K-line has been continuously pulling up with bullish candles, indicating a slow rising market. Whether it is a trap for longs or shorts, entering the market at this time carries more risk than reward. Be rational; when the risk outweighs the reward, the priority is to preserve your holdings to survive for a future. The MACD shows an increase in volume and positions, also belonging to a top divergence market. The DIF and DEA are expanding at high levels, which are typical bullish indicators. Additionally, the four-hour Bollinger Bands have opened up, breaking through 103,600. The overall trend is entering overbought territory, which is a critical moment.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.

Short selling trial point: 103,500 to 104,000, stop-loss if it breaks the historical high, manual exit, target 1,000 to 2,000 points.

Second short selling trial point: 107,000 to 107,500, stop-loss 500 points, target 2,000 to 5,000 points.

Long buying trial point: 101,000 to 100,500, defend at 100,000, stop-loss 500 points, target looking at 102,000 to 103,000, if broken, look at 103,500.

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

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. 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 views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably 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 where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

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