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 together!

Cryptocurrency Academician: Bitcoin (BTC) Latest Market Analysis Reference for July 26, 2024

Yesterday's Bitcoin article gave a long position at 63500, and as expected, it reached 65000. This 1500-point increase is much more stable than Ethereum. At least Bitcoin is much more stable than Ethereum. The bullish trend is still in place, with effective support near 63500 below. By the time of publication, the highest and lowest points of the daily candlestick were near 65600 and 63400, respectively, fluctuating back and forth by over a thousand points. The daily candlestick retraced to the support near 63400, where the EMA trend indicator intersected, coinciding with the support of the rising trend line. The MACD volume decreased, and the DIF and DEA began to converge after the end of the divergence. The KDJ plummeted, and whether the support at 62200 in the middle of the Bollinger Bands can hold the bearish trend is crucial.

The four-hour candlestick is currently being resisted by the EMA150 trend indicator support. If it holds, it will likely form a head and shoulders pattern. If it does not hold, it will challenge the next level. The MACD volume is shrinking and rising, while the DIF and DEA are diverging downward. The KDJ is contracting to form a golden cross. After falling below the lower Bollinger Band at 63750, it will stretch upward. Pay attention to the middle band resistance at 66000. The strategy is to focus on shorting at the retracement pressure level.

Short-term strategy:

Short at 65500 and 65300, defend at 66200 to 66400, add to the short position, stop loss at 500 points, target 64500 and 64000, exit if it breaks below 63500.

Long at 63300 to 63500, defend at 62000 to 62300, add to the long position, stop loss at 400 points, target 63500 to 64000, exit if it breaks above 65000.

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. Please indicate the source when reposting. Control your positions reasonably, and do not overexpose or fully expose your 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. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are both incidental. 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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