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 form 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 persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

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 2024.10.19

The current price of Bitcoin is 68,700. It is now 1:25 AM Beijing time. While monitoring the market, it has not yet reached the major trend resistance level of 69,000. As of the time of writing, Bitcoin has reached a high of 68,900. The strategy provided by the crypto circle academician has been to short at 68,400, add to the short at 69,000, and set a stop loss at 69,500. The strategy remains unchanged. Remember, when it reaches a major trend resistance level, it is necessary to start shorting. If you don't short at the resistance level, when will you?

If the market conditions are met and a signal to enter the market is given, just execute according to the system. If wrong, set a stop loss; if right, hold. You cannot only pursue a high win rate while neglecting your original intention. We are doing the right thing, allowing ourselves to make mistakes. The premise of making mistakes is that we are doing something correct. During the price increase of Bitcoin, when the price reaches a key resistance level and enters the trading range, we are doing the right thing.

The higher levels have already reached the key resistance area, and almost all lower levels have shown signs of a top divergence trend. The smaller the level, the more severe the divergence. Set your stop loss and take precautions; the rest is up to time. The specific strategy remains unchanged from yesterday.

Short-term strategy reference: Hold the short at 68,400. For details, refer to the updates in my social media. The market is never 100% certain, so always set a stop loss; safety first. The goal is to minimize losses and maximize gains.

For the upper range, short from 68,000 to 68,500, with a stop loss at 69,000. The stop loss is 500 points, with a target of 67,000 to 66,000. If broken, look at 65,500.

For the lower range, long from 65,500 to 66,000, with a stop loss at 65,000. The stop loss is 500 points, with a target of 67,000 to 68,000. If broken, look at 68,500.

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

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 borne by the reader. 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 summarize where the problem lies. Do 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; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes 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!

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