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.
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Crypto Circle Academician: April 24, 2025 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 94,000. It is now 3 AM Beijing time. Although the bulls have started, the market will not always move in one direction. Control your greed and avoid chasing prices or panic selling, especially in such a trend. It is better to stay out of the market than to open positions carelessly. Make sure to set your stop-loss properly. Currently, it is clear that Bitcoin is in a high-level consolidation state. What we need to do is wait—wait for the most reliable trend signals and the best entry points.
The daily K-line has reached a maximum of 95,000 at the butterfly pattern's peak and a minimum of 91,900. The overall trend does not rule out the possibility that the main force will further stretch and break the previous high, especially with the daily K-line consolidating at a high level and the EMA trend indicator showing contraction. The EMA15 is stretching upwards but has not broken the EMA120 trend line. Additionally, after the K-line broke the upper Bollinger Band at 92,300, it has not returned to the channel, and the MACD has continuously increased its volume, indicating that the bulls are maintaining a strong phase. Therefore, in this trend, both long and short positions carry risks.
In the four-hour K-line, the high-level pullback support point to watch is the EMA15 at 91,000. The Bollinger Band is expanding, and if the K-line returns to the channel, pay attention to the upper resistance level at 95,700, with the middle support at 89,400. The MACD shows a top divergence, indicating a decrease in volume, which suggests that short-term bullish momentum is insufficient and there is a possibility of a downward move. Therefore, short-term shorts can be tested, with a stop-loss if the previous high is broken, and if not broken, it can be observed below 92,000.
Short-term strategy reference: The market is never 100% certain, so always set your stop-loss. Safety first; small losses and big gains are the goal.
For a northern test point, 91,000 to 90,500, with a defense at 90,000, stop-loss at 500 points, and a target of 92,000 to 93,000, breaking through to look at 94,000.
For a southern test point, 94,000 to 94,500, with a defense at 95,000, stop-loss at 500 points, and a target of 93,500 to 93,000, breaking through to look at 92,000.
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, and the suggestions are for reference only; 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 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-loss and take-profit for each trade. The Crypto Circle Academician wishes you happy investing!
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