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: Bitcoin (BTC) Latest Market Analysis Reference for September 24, 2024

The current price of Bitcoin is 63,000. As of noon Beijing time before the deadline, the attempt to break through the resistance at 65,400 failed and fell back. It is expected to continue to test the support at 62,500 and gather strength. This position should be closely watched. Careful cryptocurrency enthusiasts can refer to the content of this month's article, from establishing a long position at 53,300, to continuing to buy at 56,000, and then to buying at 58,000. The strategy has always been to adopt a low long position, and so far, the strategy has not changed. Never think about taking profits at the highest point, only take profits at the retracement point. This is the basic method of trading.

Currently, the daily K-line has the possibility of testing the support point of EMA15 at 61,500 to 62,000. The MACD volume is decreasing, and the DIF and DEA are about to leave the energy index. The upper Bollinger Band is still rising and is close to 66,000. The KDJ has formed a death cross, indicating a demand for a short-term pullback. You can consider shorting, but don't be too greedy.

The four-hour K-line has already broken through the EMA15 support at 63,300, and now the support has become resistance, starting to test the bottom at 62,750. The MACD top deviation is decreasing with decreasing volume, and the DIF and DEA are starting to approach the 0 axis from top to bottom. The short-term bearish momentum is strengthening, and the possibility of further bear traps by the main force cannot be ruled out. After all, the Bollinger Band is contracting at a high level and entering a box, so you can pay attention to the support at the lower Bollinger Band at 62,500. The KDJ is spreading downward and is about to enter the oversold zone. Those who have not entered the market can try to open a long position at the support point, and consider shorting at a high level, but for now, refrain from shorting the dip.

Short-term strategy reference: Since the market is not always predictable, it is essential to set a good stop-loss. Safety first, small losses lead to big gains.

Short: Sell at 64,700 to 65,000, stop loss at 300 points, target 64,000 to 63,500, and consider breaking through to 63,000.

Long: Buy at 62,750 to 62,450, defend at 61,500 to 61,300, add to the long position, stop loss at 61,000, target 63,000 to 63,500, and consider breaking through to 64,500.

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. All risks are at your own discretion.

This article is exclusively provided by the Cryptocurrency 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. Reprinting requires attribution. Please control your positions reasonably and do not overexpose or fully expose your positions. The academician also hopes that 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 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 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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