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 mindset, continuously optimize and improve it. The advice of the cryptocurrency academician may not make you rich overnight, but it can ensure that you always have a chance. 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.

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

Cryptocurrency Academician: July 3, 2024 Bitcoin (BTC) Latest Market Analysis Reference

For two consecutive days, short positions near 63500, finally closed at around 62000, capturing a 1500-point space. Both yesterday and the day before yesterday's articles clearly indicated the entry points. If you are not clear, you can refer to the historical articles. Let's take a look at today's market situation. As of midnight, the current price of Bitcoin is near 61900, the highest daily K-line is 63300, and the lowest is near 61800, still continuing to probe lower. The daily K-line was resisted by the exchange point of EMA15 and 120, and the bearish momentum remains strong. The EMA continues to alternate in a network pattern, and the MACD shows a divergence. The volume shrinks and the funds increase, but the K-line moves downward. The DIF and DEA even show an upward trend, forming a golden cross trend. The KDJ is resisted at the 63500 pressure point, and the Bollinger Bands are expanding and contracting downwards. The K-line is resisted at the 63600 pressure level of the middle rail and is starting to pull back, with the lower rail support at 59300 being watched.

The four-hour K-line once again broke through the EMA trend indicator, and after two attempts at the EMA120 pressure level of 63600, it formed a double-pin top and then fell back. The range has been trading sideways near the EMA60 for two days, which is 63000. At least six single indicator bullish signals (traps) have appeared. The MACD volume has decreased after the end of the surge and has started to shrink downwards. The DIF and DEA fell below 62000 to form a death cross. The KDJ is diving downwards, and with the Bollinger Bands contracting up and down, the top pressure level has reached 64000, and the bottom support has reached 60600. The strategy is to break through the pressure level and support in the layout.

Short-term strategy reference:

Layout short positions in the range of 64000 to 64300, with a stop loss of 400 points. The exit target is 63500 to 63300, and the second target is 62500 to 62000.

Layout long positions in the range of 60300 to 60500, defend the 59300 to 59500 and add long positions, with a stop loss of 400 points. The exit target is 61500 to 62000, and if the position is broken, the target is 63000 to 63500.

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. All risks are at your own.

This article is exclusively provided by the Cryptocurrency Academician and represents the academician's exclusive viewpoint. It has in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of article publication, the above viewpoints and suggestions are not real-time and are for reference only. All risks are at your own. Please indicate the source when reposting. Control 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 summarize your own problems and not let the expected 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 blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment!

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