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 in 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 go for it together!

Cryptocurrency Academician: Bitcoin (BTC) Latest Market Analysis Reference for July 23, 2024

The already announced positive news is equivalent to negative news for the old-timers in the cryptocurrency market. Yesterday, the "big cake" went short near 68300, and closed at 67000, with a small space of only 1300 points, which is 1000 points less than the expected 66000. As of the time of writing, the daily K-line of the "big cake" is near the highest point of 68500 and the lowest point of 66600. The EMA trend indicator is upward and stretched, with the 15EMA already near 64000. The KDJ upward climb stage has caused a divergence in the Bollinger Bands. The K-line has been constantly spreading around the upper track, resulting in a space of nearly 7000 points from the middle track of 61200. There is more space above than below, and the MACD volume momentum has decreased. The DIF and DEA have ended their divergence. In terms of mindset, you can start laying out short positions.

The four-hour K-line once again occupies the 68000 level. The EMA trend indicator is upward and stretched, and the KDJ alternates back and forth, indicating that the main force is repeatedly liquidating and washing the market. The Bollinger Bands are contracting, and the K-line is currently near the upper track of the Bollinger Bands at 68250, with the middle track of 67200 no longer providing support for the K-line. The lower track of 66200 serves as a reference point. The MACD volume is increasing, and the DIF and DEA have been diverging at the top for about a week. If the divergence does not end, there is a high probability of consolidation near 67000. Overall, you can start establishing short positions.

Short-term strategy reference:

• Establish a short position in the 68300 to 68500 range, with a stop loss of 500 points, and exit in the 67500 to 66500 range.
• The second opportunity to establish a short position is in the 69500 to 70000 range, with a stop loss of 500 points, and the target is near 68500 to 68000. Specific exit points can be determined based on real-time market data.
• Long in the 63300 to 63600 range, defend in the 62500 to 62300 range, and target around 64500. If broken, target 65000, with a stop loss of 400 points.

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. Please bear the risks responsibly.

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. Reprinting requires proper attribution. 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 reflect on your own issues 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 the trend becomes clear. Tomorrow's success comes from today's choices. The universe rewards hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards passion. 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!

Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comments section are not related to the author. Please discern carefully, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。