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 27, 2024

The recent trend of Bitcoin is surprisingly similar to historical patterns. As of midnight before the article was published, the highest point of the daily K-line of Bitcoin was around 68,000, and the lowest point was around 65,700. It continuously dropped from 68,000 to around 63,000, and then rose from 63,000 to 68,000 within a day. At this time, it is not recommended for novice retail investors to participate. This is a battle for dominance between the main players. Obviously, the bulls are currently dominant, and the bearish trend has not successfully broken through. In this situation, the high-level consolidation trend continues. Now it's a test of patience. The long-term trend is currently bullish, so seize the opportunity to buy on the small time frame pullback support.

Looking at the four-hour chart, it continuously stretched to the EMA trend high point, was resisted at 68,000, and is now focusing on the middle support point at 65,900. The two-hour K-line showed a bearish trend, with weakened MACD momentum, KDJ shrinking downwards, and the K-line being resisted at the upper rail of 68,300 and then falling back. Pay attention to the middle support point at 65,500 and the lower support point at 63,000. The 30-minute K-line showed a top divergence trend. The long-term trend is bullish, but the short-term divergence indicates a potential trap. If you can't resist, you can try to short a position, set a closer stop loss, and wait for the MACD to shrink further and the Bollinger Bands to contract. For the cautious, wait for opportunities, wait for signals, and wait for the best entry point.

Short-term strategy:

Short at 68,000 and 68,300, with a stop loss of 500 points. The target is to see 67,000 to 66,000, and exit if it breaks below 65,000.

Long at 64,500 to 65,000, with a stop loss of 400 points. The target is to see 66,000 to 67,000, and exit if it breaks above 67,500.

The specific operation 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. It involves in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Trade at your own risk. Reprinting should indicate the source. Control your position reasonably, and do not overexpose or fully expose your position. The academician also hopes that all investors understand that the market is always right. If you are wrong, 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. Wait for the trend to become clear before taking action. 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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