The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who can survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Crypto Circle Academician: Bitcoin (BTC) Latest Market Analysis Reference on 2024.10.18

The current price of Bitcoin is 67,300. It is now 8:30 AM Beijing time, and the daily candlestick has just closed. As expected, after three consecutive bullish candles, we encountered a major resistance level at 68,400. The resistance level is effective, and as anticipated, it is expected that the previous high will not be broken in the short term. However, we still need to be prepared for defense. The market is now in a high-level consolidation phase, and for those who have short positions, it’s just a matter of waiting. Only by enduring loneliness can one maintain prosperity. It all depends on whether everyone can withstand the psychological pressure brought by market fluctuations.

Currently, the daily candlestick opened lower. The EMA trend indicator is still stretching upwards, with EMA15 reaching 64,700. It will soon challenge 65,000, and it is expected to stretch to around 66,000 before stopping. For now, the daily candlestick is mainly focused on pullbacks. The MACD has not shown an increase in positions; instead, it has retreated. The DIF and DEA are expanding at high levels, and after the upper Bollinger Band resistance was continuously challenged, the candlestick has started to return to the Bollinger channel. The upper resistance level is around 68,300, and the middle support level is at 63,400. The KDJ is contracting inward, and a horizontal slow decline trend is forming.

The four-hour candlestick shows a more obvious slow decline, especially after the EMA trend indicator's expansion ended. The EMA15 support has been consolidating at 66,900. The next support point to watch is the EMA30 at 66,600. The MACD shows a top divergence trend continuing, with a downward contraction. The DIF and DEA are expanding downwards at high levels, and the Bollinger Band is contracting. The upper resistance level has reached 68,450, and the lower support level is around 65,400. The short-term outlook remains bearish, and the downward channel is initially forming but has not fully established a bearish trend, so there is a possibility of a pullback. Those who are cautious and have not entered can wait for an opportunity to short after a rise. Aggressive traders can consider going long at the low support, but don’t be too greedy; a small long position can also be taken.

Short-term strategy reference: For practical details, refer to the updates in my social circle. The market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal.

For short positions, sell between 68,000 and 68,500, with a stop-loss at 69,000 and a target of 67,000 to 66,000. If it breaks, look for 65,500.

For long positions, buy between 65,500 and 66,000, with a stop-loss at 65,000 and a target of 67,000 to 68,000. If it breaks, look for 68,500.

Specific operations should be based on real-time market data. For more information, you can consult me. There may be delays in article publication, and the suggestions are for reference only; risks are to be borne by you.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only; risks are to be borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the profits that should be yours slip away. There is no need to be smarter than the market; when a trend comes, respond to it and follow it. When there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. 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。