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 advise earnestly, 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 26, 2024

I mentioned the rising flag pattern of Bitcoin on the 22nd. It is highly probable that this form will appear during high-level consolidation. It has now basically taken shape. You can compare the space in between by looking at the four-hour trend against the overall market. Yesterday, the target for shorting at the high point of the flag pattern was 63,000, which is a 1,700-point difference. Although the current holding of over 62,800 does not hinder the space, as the current price of Bitcoin has already reached 63,600, there is also an 800-point space. Let's continue to hold and observe the market.

It is now 2 p.m. Beijing time, and the current price of Bitcoin at 63,600 will likely move back to the high point of yesterday. The EMA trend indicator is contracting upwards, with the EMA15 fast line still stretching to 62,000. The fast and slow indicators are also contracting upwards. The MACD volume has shown a divergence, and the DIF and DEA have started to move out of the energy indicator. A high-level trend divergence has appeared, and the fluctuation will increase, especially since the upper track of the Bollinger Band has already broken through 66,400. The KDJ divergence is spreading downwards, and the K-line is stretching in the opposite direction. The overall trend is biased towards the long side.

The four-hour K-line virtually broke through the EMA60 at 63,300 and then stretched in the opposite direction, breaking through the EMA15 fast line indicator at 63,550. The MACD top divergence has decreased volume, and the DIF and DEA are close to the 0 axis. The K-line retraced to the lower track of the Bollinger Band at 62,800 and then stretched through the middle rule at 63,600. The KDJ is starting to contract upwards, indicating that the support at 62,800 is effective. Long positions can continue to be held. Will the fourth attempt to break the previous high? Let's wait and see. For now, the focus is mainly on long positions, and short positions will be considered after the upper support is effective.

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

Short: 64,800 to 65,100, defend 66,200 to 66,500, add short positions, target 64,000 to 63,500, break through to 63,000, stop loss at 500 points.

Long: 62,800 to 63,200, target 64,000 to 64,500, break through to 65,000 to 65,500, stop loss at 500 points.

Specific operations should be based on real-time data from the market. 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 responsibly.

This article is exclusively provided by the Cryptocurrency Academician and represents the Academician's exclusive viewpoint. In-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others has been conducted. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Please bear the risks responsibly. Reprinting should indicate the source. Reasonable control of positions is advised, and avoid heavy or full positions. The Academician also hopes that investors understand that the market is always right. If you make a mistake, you should summarize your own problems and not let the potential profit 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 precision, and art rewards heart. Gains and losses are both 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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