The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and if your capital is safe. You need to develop 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 19, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 102,000. It is now 4:20 AM Beijing time. Powell has just finished speaking, and the main force is taking the opportunity to liquidate long positions. Bitcoin has once again returned above the 100,000 mark. Yesterday, I mentioned that the greed index soared to 87. Many fans do not understand that every time the greed index exceeds 85, there is a high probability that the main force will liquidate. Although the layout around 108,000 ultimately took profits at 104,100, that's okay; 3,900 points are already good. Let's look at the current market.

The daily K-line reached a high of 106,130 and a low of 100,800, just retracing to the EMA15 trend line support point of 101,000. Pay attention to the next EMA30 key support point, which is also a trial entry point for long positions at 97,000. Just set a stop loss for defense. As long as it retraces without breaking 103,000 before the 8 AM close, then the MACD contraction will become a certainty, and the DIF and DEA death cross will take shape. The main force is likely to oscillate around the 100,000 mark. The deeper the retracement, the more objective the space for bulls. Under the condition that the larger trend remains unchanged, treat all retracements as a trap for shorts.

The four-hour K-line has three consecutive bearish candles reaching the EMA90 trend support point of 101,000. Friends entering the market here should remember to set a 300-point stop loss; safety first. Pay attention to the EMA120 key support at 99,750. Those who have not entered can try a position here. The MACD is continuously contracting downwards, and the DIF and DEA are expanding downwards towards the 0 axis. The overall trend is clearly short-term liquidation of long positions. The main force is taking profits and reversing near 108,000. The strategy is to wait for clear support before starting to go long; temporarily do not short. After encountering resistance during a retracement, you can short for a swing trade.

Short-term strategy reference: The market is never 100% certain, so always set a stop loss; safety first. The goal is to minimize losses and maximize gains.

Long entry trial points at 99,000 and 98,000, with a defense at 97,000 and a stop loss of 500 points. The target is 100,000 to 101,500, and if broken, look at 102,000 to 103,000.

Short entry trial points at 102,500 to 103,000, with a stop loss of 500 points. The target is 102,000 to 101,000, and if broken, look at the 100,000 mark.

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 and follow 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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