As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people will 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, and learning is endless. The experience gained from learning is the real wealth!

Strength does not need to be overly displayed; the key is to gain more recognition from others. On the investment path, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it for a walk.

The secret of trading is patience. It is purposeful. When trading trends, wait for the pullback. When trading oscillations, wait for the high and low points. When seizing rebounds, wait for the volume to increase. When trading breakouts, wait for the pullback. Bottom-fishing and bargain-hunting require waiting for a reversal.

I am a cryptocurrency academician who has always been a warrior protecting the "leeks" (novice investors in the cryptocurrency market). I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Cryptocurrency Academician: Bitcoin (BTC) Latest Market Analysis Reference for June 19, 2024

First, let's review yesterday's market. After holding short positions for several days in a row, the article also mentioned the entry point for short positions. After the market landed, it successfully captured a space of 1800 points. Now, let's look at today's market. As of 3 am before the article was published, the current price of Bitcoin is near 64700, with the highest daily K-line reaching 66600. This means that there was a plunge at the opening at 8 am yesterday, reaching the lowest point of 64400. The EMA90 trend indicator support level of 64900 was breached, and attention should be paid to the EMA120 support level of 63000 below. KDJ continues to stretch downwards, the Bollinger Bands are opening up, and the K-line has fallen below the lower Bollinger Band of 64700. The MACD is decreasing in volume, and the DIF and DEA are about to end their divergence. Although it is still in a divergence phase, the overall trend is still bearish, indicating that there is still space below that needs to be digested. Therefore, we still choose not to trade against the trend and make trade-offs during the trading process. Do not chase after rapid rises and falls in the market.

The four-hour K-line has fallen below the previous low to the 64000 level. The EMA trend indicator is still in a downward mesh-like alternation, KDJ is plunging, the Bollinger Bands are entering a downward channel, and the K-line has been spreading downwards around the lower Bollinger Band of 64700. The MACD continues to decrease in volume, and the DIF and DEA are pulling apart downwards. The trend is also bearish, so the strategy is to fill short positions at the retracement pressure level, and adjust the entry point.

Short-term strategy reference:

For short positions, pay attention to the layout in the 66000 to 65700 range, and add short positions in the 66700 to 67000 range for defense. Set the stop loss at the previous high. The first exit target is around 64700, and the second exit point is around 64000. If broken, look at 63300.

For long positions, consider entering the 62700 to 63000 range, with a 400-point stop loss. The exit target is in the 63500 to 64500 range for free gains.

The essence of trading is survival, and then comes the profit. Therefore, before each operation, think clearly about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading strategy, continuously optimize and improve it. Although the advice from the cryptocurrency academician may not make you rich overnight, it can ensure that you always have support. Only those who survive in the cryptocurrency market for the long term and persist until the end can achieve the results they desire. I hope you can understand this. Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. Trade at your own risk.

This article is exclusively provided by the cryptocurrency academician and represents the academician's exclusive viewpoint. It involves in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Trade at your own risk. When reposting, please indicate the source. Reasonably control your positions 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 reflect on your own problems and not let the potential profits slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and be patient. It's never too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The way of heaven rewards hard work, the way of earth rewards kindness, the way of people rewards sincerity, the way of business rewards trust, the way of industry rewards excellence, and the way of art rewards dedication. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The cryptocurrency academician wishes you a pleasant investment experience!

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