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, constantly 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 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 Academician: Bitcoin (BTC) Latest Market Analysis Reference for July 25, 2024

First, let's review yesterday's analysis of shorting at 67,000 and finally closing at 66,000. It was a close call, but we managed to secure a profit. The highest point on the daily K-line was near 67,150, and the lowest point was near 65,500. We managed to capture a space of 1,000 points. The expected support for a pullback did not come, instead, the market continued to consolidate. The EMA trend indicator on the market continued to shrink, KDJ diverged and spread downward, the Bollinger Bands started to trend upwards with three lines, the MACD volume decreased, and the DIF and DEA shrank. Currently, the trend is consolidating near 66,000. As of the time of writing, the current price of Bitcoin is around 66,500.

The four-hour K-line is at the top of the EMA trend indicator, and is being resisted by the EMA15 trend line at 66,500. It is clear that this position is a balance point, and the oscillating market continues. The KDJ is trending upwards, the Bollinger Bands are shrinking, and the K-line is currently below the middle rail at 67,000. The upper rail is focused on the pressure point at 68,400, and the lower rail is near the support point at 65,400. There is a short-term long opportunity to consider. The current market is suitable for short-term trading in the range of 67,500 to 65,500. Safety should be the top priority.

Short-term trading reference:

Short at 68,200 to 68,400, stop loss at 500 points, target range 67,000 to 66,000, if broken, look at 65,500 to 65,000.

Long at 63,300 to 63,600, defend at 62,500 to 62,300 and add to the long position, target around 64,500, if broken, look at 65,000, stop loss at 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. All risks are at your own.

This article is exclusively provided by the Cryptocurrency Academician and represents the academician's exclusive viewpoint. The analysis and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. All risks are at your own. Reprinting should indicate the source. Manage 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 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 wait. It's not too late to act after the trend becomes 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 Academician wishes you a pleasant investment experience!

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