Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment path, 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 path of 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 29, 2024

The weekend is about training your mindset, seeing if you can focus on your own hands, overcome your greed, and conquer your inner desires. At the 66000 consolidation, whether to go long or short is a torment for oneself, especially for novice traders. Remember to open positions at key points, which is the most basic in trading.

Let's take a look at today's market. After the high-level closing of the daily K-line at 8 o'clock in the morning, the market opened directly at a high-level consolidation. However, there is still a certain distance from the downward EMA trend indicator, especially the EMA15 fast line indicator reaching 63350, still extending upward to provide the latest support for the K-line. The overall trend of EMA is upward and diffusing in a network pattern, but there is a demand for a pullback in the daily K-line. Therefore, special attention can be paid to the market near the support point of 64500. The MACD top deviation trend has begun to appear, although it is only in the initial stage and does not affect the large-scale fluctuations back and forth. The upper pressure level of the Bollinger Band has reached 67550, and the middle support continues to move upward. KDJ is in extreme contraction and continuation.

The trend at the four-hour level has already stood above the EMA15 fast line support at 65500, with the defensive support point at the EMA30 position, which is the 6500 midline support. The MACD top deviation continues to shrink continuously and move downward with decreasing volume, and there is an obvious demand for a downward retracement. The pressure and support levels are both shrinking. Focus on 66700 on the upside and 65000 on the downside. The short-term strategy tends to be contraction. Traders with no positions can go long on short-term low positions.

The market is not foolproof, so be sure to set a good stop-loss. Safety first, small losses and big gains are the goal.

Intraday Strategy:

Short at the upper support of 66500, stop loss at 300 points, target 66000 and 65500

Long at the lower pressure of 64700, stop loss at 300 points, target 66000 and 66500

Short-term Strategy:

Short at the upper 66500 to 66800, defend at 67400 to 67700 to fill the short, stop loss at 500 points, target 66000 to 65000, and break through to 64500

Long at the lower 64500 to 65000, target 66000 to 66500, break through to 67200, stop loss at 64000

For those who did not exit at 62800 long this week, continue to hold. The retracement defensive point is at 64000. If the long position falls below 64000, exit with profit. If it does not break 64000, continue to hold the long position. When the market reaches above 67000, take profit and hold the rest.

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 is recommended for reference only. All risks are at your own.

This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. Due to the timing of article publication, the above views and suggestions are not real-time and are for reference only. Reprinting requires attribution. Reasonably control your position and do not overexpose or fully expose your 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 expected 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 diligence, 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!

Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comment section are not related to the author. Please discern carefully and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。