Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment road, it is more important to do well on your own than to prove your strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.

As a senior figure in the coin circle, I have always been committed to providing helpful advice to everyone, hoping that everyone will take fewer detours and make fewer mistakes in this market. Although I am earnest, the road to investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Focus today: Pay attention to the news CPI and the debate of our coin circle president

Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Coin Circle Academician: Bitcoin (BTC) latest market analysis reference as of September 11, 2024

Bitcoin is currently priced at 57,000, as of 00:45 Beijing time before the deadline, the highest and lowest points of the daily K-line are 57,500 and 56,400 respectively. From the market, the strongest support is in the range of 55,500 to 55,000. However, the daily K-line has been hovering around the EMA15 trend line of 57,300 for a whole day, neither up nor down. The MACD has been shrinking for three days. If the DIF can cross the DEA to form a golden cross indicator, the hope of the bears will be dashed, and the trend will directly approach the 60,000 mark. Currently, the K-line is blocked by the middle pressure level of the Bollinger Band. The KDJ golden cross started to gain momentum from 53,000, which is the early entry point for long positions.

However, there are not many people who entered at 53,000 after all. Most people missed this entry point, so I won't talk about it. Those who have entered can hold on with peace of mind. Those who have already exited and those who have not entered can look at the short-term trend analysis of the four-hour market. It has already broken the EMA120 pressure level of 57,800 once, and now it has retraced to the EMA60 to continue to gather strength. The gathering point is above 56,500. Overall, the bullish trend has a certain advantage, so it will further break the previous high. Aggressive individuals who have not entered can try to open a position around 56,500, with a stop loss at 56,000.

The MACD volume has decreased, indicating that the bullish momentum is not very strong and is starting to gather strength in a sideways manner. The DIF and DEA have ended the polarization and have both surged to the 0 axis line. Overall, the bullish trend has a certain advantage, but it has already entered the overbought area, so it is necessary to guard against the main force retracing to the middle rule of the Bollinger Band at 55,500, because this is the best support point for the bulls to enter at the moment. Similarly, opening a short position can encounter support at the entry point, but the bullish trend currently has a greater advantage, so the cost of trial and error will be smaller.

Short-term strategy reference: Since the market is not 100% predictable, it is important to set a stop loss. Safety first, small losses and big gains are the goal.

Long: Buy between 56,500 and 56,300, defend between 55,500 and 55,200, target between 57,500 and 58,000, and if it breaks, look at 58,500 to 59,000, with a stop loss of 500 points.

Short: Sell between 59,500 and 59,000, defend between 60,200 and 60,500, add to the short position, target between 58,500 and 58,000, and if it breaks, look at 57,500 to 57,000, with a stop loss of 500 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 it is recommended for reference only. Please bear the risks.

This article is exclusively provided by the Coin Circle Academician and represents the exclusive views of the academician. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Please bear the risks. Reprinting should indicate the source. Please control your positions reasonably when trading, and do not overexpose or go all in. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems. Do not let the profits that should have been in your hands fly away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after waiting for the trend to become 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 blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Coin Circle Academician wishes you a pleasant investment!

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