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 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 hard together!

Cryptocurrency Academician: July 4, 2024 Bitcoin (BTC) Latest Market Analysis Reference

Stay calm. Let's review the strategy given in yesterday's article first. The suggestion yesterday was to go long at over 60,300, defend at 59,500, and add to the long position. Currently, only a few people have entered the market long. My suggestion for conservative investors is to stay out of the market and not chase after long positions. For aggressive investors, the target is to watch for 61,000 to 61,500. (After all, the overall trend is bearish, so the most stable approach is to wait for high levels to go short.)

Let's look at today's market situation. As of midnight, the current price of Bitcoin is around 60,300, with the daily K-line reaching a high of 62,300 and a low of around 59,550. It has fallen below the EMA170 support level of 60,000. Whether the double bottom is a trap or has already stabilized remains to be verified. The MACD has failed to increase volume and is starting to turn downward, breaking the previous low. The DIF and DEA are converging, failing to form a golden cross and spreading downward. The KDJ is forming a downward crossover, and after the Bollinger Bands opened downward, the K-line reached above the upper support of the Bollinger Bands at 59,000. Combined with strong bearish sentiment, it cannot be ruled out that further liquidation behavior may be caused by market panic.

The four-hour K-line is currently being supported by the previous low support point of 59,500, indicating that the support is effective. The downward trend of the EMA remains unchanged. The MACD is starting to decrease in volume and increase in funds. The DIF and DEA have ended their divergence and entered a downward trend below the 0 axis. The KDJ is contracting to form a golden cross, indicating that the bullish momentum is insufficient and the upward space is limited. The entry point for going short can be adjusted to give yourself a chance to make mistakes. The Bollinger Bands have broken through the lower support of the 60,000 level, and the distance between long and short positions has widened. Therefore, the short-term short strategy remains unchanged. Wait for the opportunity to enter the market, and be cautious when going long, making sure to set a good stop-loss to ensure the safety of your principal.

Short-term strategy reference:

• Go short in the 62,000 to 62,300 range, defend at 63,300 to 63,500, add to the short position, and set a stop-loss at 64,000. The first exit point is around 61,000, and the second exit point is around 60,000. If broken, watch around 59,000.
• Go long in the 59,500 to 59,300 range, defend at 58,500 to 58,300, add to the long position, and set a stop-loss of 400 points. The first exit point is around 60,500 to 60,800, and the second exit point is around 61,500 to 61,800. If broken, watch around 62,500 to 62,800.

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. The viewpoints and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of article publication, the above viewpoints and suggestions are not real-time and are for reference only. Trade at your own risk. Reprinting should indicate the source. Reasonably control your positions when trading, and avoid heavy or full positions. The academician also hopes that all 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 profit 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 the trend becomes clear. Today's success comes from yesterday'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 precision, and the way of 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 academician wishes you a pleasant investment experience!

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