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 27, 2024

The current price of Bitcoin is 65300. Before the article was published yesterday, Bitcoin was still around 63000. Senior old fans should have seen the layout point. 62800 is the last best entry point for long positions this week. From over 53300 at the beginning of the month, to over 56500, then to 58000 for long positions, and finally to over 62500 yesterday, the train of thought before and after was to effectively enter on the pullback support. I won't say much about how much room there is. Since you've boarded the train, the most important thing for everyone is the exit point. The academician will not suggest taking profits at the highest point because this is unpredictable. Instead, it is recommended to take profits at the retracement point. If the long position has not reached the retracement point, you can continue to hold. Remember, the essence of trading is survival.

Looking at the market, it is now exactly 1:00 PM Beijing time. Bitcoin broke the previous high to 65850 last night and failed to reach 66000, choosing to consolidate at a high level instead of pulling back. The EMA15 trend indicator support point has reached 62500. The daily K-line MACD volume DIF and DEA have started to deviate from the energy indicator at the top. From this, it can be seen that the bull market is not over yet. The upper Bollinger Band pressure is about to reach 67000, and it is stretching closer to the trend pressure point of 67500. The KDJ indicator is contracting.

The four-hour K-line is currently above 65000, and the EMA15 trend indicator has reached 64400. The MACD top deviation continues to increase volume, and the DIF and DEA are diverging. Furthermore, the upper rail that cannot be ignored has risen too high to 65555. There is a risk of a retracement in the overall trend. The retracement point can focus on the support at 64000. Calculating from the overall market, only two levels of jumps have been achieved, and it is now at the exchange point of the third level jump, which is also the pressure point of the rising flag shape. Long positions should not be in a hurry to exit. At the pressure point, you can try short positions with stop-loss set above the previous high.

Short-term strategy reference: Since the market is not guaranteed, be sure to set a stop-loss. Safety first. Small losses lead to big gains is the goal.

Short: 67500 to 68000, defend against 68500 and add to short, stop loss of 500 points, target 66500 to 66000, and if broken, target 65500 to 65000.

Long: 64000 to 64500, stop loss of 300 points, target 65500 to 66000, and if broken, target 66500 to 67000 (you can decide whether to take profits early after observing the market).

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. Risk is self-borne.

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. Risk is self-borne. 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. 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 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!

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