4.25 Coin Circle Academician: Bitcoin Trend Analysis, Bull and Bear Interweaving, How to Layout at Key Moments? Grasp the Entry Timing and Reduce Risks.

CN
1 year ago

As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people can take fewer detours and make fewer mistakes in this market. Although I have been earnestly advising, the path of investment still needs to be explored by oneself. Learning is endless, and the experience gained is the real wealth!

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I am a warrior striving to protect the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's cheer together!

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Cryptocurrency Academician: Bitcoin (BTC) latest market analysis reference for April 25, 2024:

Bitcoin's practical review yesterday, setting a stop loss at 65900 for the long position layout in the range of 66300 to 66600 yesterday. As mentioned in the article yesterday, once the upward trend line near 66000, the integer mark, is broken, the trend will reverse. Therefore, when chasing long positions, I remind everyone to develop the habit of setting stop losses. It is precisely to guard against such situations. The daily K-line has consecutively broken the trend of the past four days. The support levels of 65500 and 64300 have been broken, reaching another key support level above 63500. The overall trend has entered the box range, and flexible layout is possible.

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Looking at today's market, as of the time of writing, the current price of Bitcoin is around 64600. Considering the possibility of a pullback to the 60 support point after yesterday's daily K-line retracement of the EMA60 trend indicator by 1000, the strategy can be mainly focused on high-level short positions and supplemented by long positions. The KDJ trend, which started to diverge yesterday, is beginning to converge, and the MACD volume is shrinking. After the trend reversal, it continues to shrink and consolidate. The DIF and DEA are still in the convergence stage. Therefore, at this time, the market is at a critical point of contention between long and short positions. If it falls freely below the midline of 66500, it will enter a downward channel.

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The four-hour K-line was influenced by yesterday's U.S. market, opening high and falling low, and experiencing a washout due to the concentration of long positions near 67000. Therefore, it is common for the EMA trend indicator to be broken on the four-hour K-line in this situation. The market will quickly recover and rebound. Looking at the current KDJ, it has started to converge after being blocked at 63500. The MACD volume has increased, and the DIF and DEA have just entered a situation of polarization. The downside still needs time to consolidate. The Bollinger Bands are opening up, and if the K-line retraces to break the lower support of 64100, it may rebound. The focus above is still near the 66000 mark. If it does not break, short positions can be taken. There may be a wave of rebound in the short term, but the probability of being in a bottom consolidation is higher overall.

Specific operational suggestions are as follows:

Short entry reference points: Layout in the range of 65000 to 65300, exit points in the range of 64500 to 63600, stop loss at 65500. (The range of 65500 to 66000 is a critical point of trend change and intense long-short game, so there is no need to pay attention to the market before it reaches this range.)

Long entry reference points: Enter in the range of 63600 to 63900, targets in the range of 64500 to 65500, and take profits for a portion, leaving a bottom position. Watch if it breaks the 66000 mark to open long positions again, to avoid missing the best entry point, with a stop loss at 63000.

The specific operational strategy is mainly based on market data. For more information, please consult the author. The article is published with a delay, and the suggestions are for reference only. Please bear the risks responsibly.

This article is exclusively provided by the Cryptocurrency Academician and represents the Academician's exclusive viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Please bear the risks responsibly. Reprinting requires attribution. Please control your positions reasonably and avoid heavy or full positions. The Academician also hopes that investors understand that the market is always right. If you make a mistake, you should summarize where your own problems lie and not let the potential profits slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the strict habit of setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment!

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