The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully 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. The advice of the cryptocurrency circle academician may not make you rich overnight, but it can ensure that you always have support. Only those who survive in the cryptocurrency circle for the long term and persist until the end can achieve the results they desire. I hope you can understand.

I am a warrior who has always been protecting the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Circle Academician: July 2, 2024 Bitcoin (BTC) Latest Market Analysis Reference

First, let's review. The short position at 63300 mentioned in yesterday's article has been entered, with defense at 64300. The strategy still adopts the high leverage and low position mode to establish your own trading system. So, continue to hold with a calm mind and wait for the news to land before making any decisions. As of around 00:00 before the article was published, the current price of Bitcoin is around 63000, with the daily K-line high near 63800 and the low near 62500. It can be seen that after the daily K-line continuously sat on the golden section support point of 60400, there was a one-sided stretch. The overall trend of EMA still shows alternating and spreading downward, and the MACD volume has decreased while the DIF and DEA are converging at a low level to form a golden cross. The KDJ is starting to rise and spread, and the Bollinger Bands are still spreading downward. The K-line has moved away from the lower track to the pressure level of 63960 at the middle track. The strategy still focuses on establishing short positions at high levels, with good stop-loss to ensure the safety of the principal.

The four-hour K-line is blocked by the EMA120 resistance point at 63750, and the overall trend of EMA is contracting. The short-term target is to look at the highest pressure point near EMA at 64500. The MACD volume has decreased, and the DIF and DEA are starting to show signs of contraction. The KDJ encountered resistance while spreading downward. After the Bollinger Bands opened upward, they continued to stretch, and the upper track moved up to 63700, while the middle track support point is at 61700. The overall trend is bullish, but the strategy should not be to chase after more. Chasing the rise does not seem to be a wise decision. Regardless, ensure good profit and stop-loss to protect the principal. Remember to protect the principal first before thinking about profit. If you can't even protect your capital, no matter how much you earn, you will eventually lose it.

Short-term strategy reference: The short position near 63500 has already been entered and is currently held.

The short entry point is in the range of 63300 to 63500, with defense at 64300 to 64500 for adding short positions, and a stop loss of 400 points. The exit target is in the range of 62500 to 62300, with the second target at 61300 to 61500.

The long entry point is in the range of 60000 to 59800, with defense at 58500 to 58700 for adding long positions, and a stop loss of 400 points. The exit target is in the range of 61300 to 61500, with the second target at 62000 to 62300.

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 it is recommended for reference only. Please bear the risks.

This article is exclusively provided by the Cryptocurrency Circle Academician and represents the academician's exclusive viewpoint. The viewpoints and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are not real-time due to the timing of the article's release and are for reference only. Please bear the risks and indicate the source when reposting. Reasonably control your position 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 summarize your own problems. Don't let the profits that should have been in your hands 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 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 habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Circle Academician wishes you a pleasant investment!

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