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The essence of trading is survival, and only then is profit. So 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 scholars may not make you rich overnight, they can ensure your presence in the market. Only those who survive in the crypto space 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 crypto circle, always protecting the investors. I wish my fans financial freedom in 2024, let’s work hard together!

Crypto Circle Scholar: December 17, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 106,300. It is now a little past four in the morning Beijing time. The market has far exceeded expectations, breaking the historical high again. The daily K-line reached a maximum of 107,800. Whether you have exited or not, it is no longer suitable to enter again if you have already exited. Keep the chips in your hand, survive first, and then consider profits. Always prioritize safety. The trend is bullish, but do not trade when the trend is not adjusted. After the adjustment, then go long. The short position has already entered at 107,500, with a stop loss set above 108,000. If it breaks, manually stop loss; if it doesn’t break, continue to hold. The space allows for a profit of over 2,000 points, which can be freely taken. For the real position, just execute according to my thoughts when I notify you.

The daily K-line reached a maximum of 107,800 and a minimum of 103,333. The "King of Understanding" has once again called out, igniting the crypto circle to break the historical high again. It’s not over yet; the bulls will continue to stretch. Do not guess the top; just enter when it retraces to key support. The EMA15 trend fast line support has reached the 100,000 mark, and the EMA30 key support is still at 96,000. The MACD top divergence has ended with a decrease in volume and has started to expand. The DIF and DEA have formed a golden cross at a high position, establishing a trend. The Bollinger Bands have contracted, and the market has ended, now opening upwards. The K-line has broken the upper track at 104,800.

The four-hour K-line is currently blocked at the 108,000 mark. The EMA trend indicator is parallel, stretching the bullish trend. The MACD is expanding upwards, and the DIF and DEA are expanding upwards as well. Overall, there is a large and a small volume indicator. Pay attention to whether the DIF and DEA are contracting. There is no rush for now. The Bollinger Bands have opened, and the upper track has reached 106,666. The KDJ has also contracted, forming a pullback indicator, indicating that the short position can continue to be held. However, the short position notification must include a stop loss. If it breaks 108,000, it’s time to exit. The reason is simple: the larger trend is bullish.

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

Short selling trial entry point: 107,500 to 108,000, with a defense at 108,500, stop loss at 500 points, target looking at 106,500 to 106,000, and if broken, looking at 105,500 to 105,000.

Long buying trial entry point: 101,000 to 100,500, with a defense at the 100,000 mark, stop loss at 500 points, target looking at 102,500 to 103,500, and if broken, looking at 104,500 to 105,500.

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

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar'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 borne by the reader. 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 summarize where the problem lies. Do not let the profits that should be yours fly away. There is no need to be smarter than the market in investing. When the trend comes, respond to 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. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Scholar wishes you happy investing!

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