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 cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people 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!

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

Cryptocurrency Academician: September 20, 2024 Bitcoin (BTC) Latest Market Analysis Reference

The daily K-line has been unilaterally formed for three consecutive days, forming three small red soldiers. The EMA trend indicator is upward and contracting, and the bullish space has not ended yet. It is now a quarter past nine in the morning Beijing time, and the current price of Bitcoin is 62800. Let's take a look at the weekly line. It's been a long time since I mentioned the weekly trend in the article. The falling abandoned baby pattern continues, with the upper resistance at 65000. If it breaks, we will directly look at the weekly resistance at 68000. The pullback EMA15 trend support point is at 60900, which is the weekly support and resistance.

The current trend of the daily K-line has formed a head and shoulders bottom. After the EMA contraction, the MACD volume has increased, and the DIF and DEA differentiation has not ended yet. DEA has started to challenge the 0 axis, and the upper resistance of the Bollinger Band is at 63300. The four-hour K-line is upward and diffused, with a decrease in MACD volume. The K-line divergence is not obvious, and the KDJ is forming a downward alternation. In the short-term market, pay attention to the support at 61500, and the strategy is to start laying out long positions on the pullback support.

Short-term strategy reference: Since the market is not guaranteed, it is important to set a good stop-loss. Safety comes first. Small losses lead to big gains.

Short at 64500 to 65000, target 63500 to 63000, break to see 62000, stop loss 500 points

Long at 61500 to 61000, target 63000 to 63800, break to see 64500, stop loss 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 Cryptocurrency Academician and represents the exclusive views of the academician. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc., due to the timing of article publication, the above views and suggestions are not real-time and are for reference only. Please bear the risks. Reprinting should indicate the source. Reasonably control your positions when trading, and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the potential profits slip 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's 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 excellence, 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 Cryptocurrency Academician wishes you a pleasant investment journey!

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