The essence of trading is survival, followed by 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 cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency 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 cryptocurrency community, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: Latest Bitcoin (BTC) Market Analysis on October 27, 2024

The current price of Bitcoin is 67,000. It is now 2 AM Beijing time, and Bitcoin is still maintaining its activity at a high level. Let's review the trading ideas from yesterday. The high position short did not materialize, but we saw prices above 66,000 and added more at 65,500. There was a 1,700-point space to capture. Now, various unstable factors are coming in, which is not necessarily bad for the future, but it is not good for the short term. The more unstable it is, the more likely we are to encounter a black swan event. Therefore, I remind everyone that no matter what trades you make, set your stop-loss immediately after entering to avoid decentralization.

Looking at the market, the daily K-line reached a high of 67,300 and a low of 66,400. In the past few days, the daily K-line has broken the EMA15 trend line support of 66,500 twice. The next support to watch is EMA30 at 65,150. The EMA trend indicator's alternating expansion has already ended, and what remains is the pullback digestion phase. The MACD has finished expanding and is starting to contract downwards. The DIF and DEA have formed a death cross, and the bearish trend is gradually taking the lead. The middle band of the Bollinger Bands has continuously tested the strength of 65,500. As the saying goes, a support level that is attacked for too long will eventually break. The KDJ is expanding downwards, indicating that the overall trend is primarily bearish.

The four-hour K-line is beginning to contract within the EMA trend indicator, which is also narrowing. The upper pressure level to watch is EMA30 at 67,300. If it breaks, we can consider testing short positions. The MACD is contracting, and the K-line has not stretched. The DIF and DEA have fallen below 0, and the weekly line has not yet exited the energy indicator. The Bollinger Bands are flat, with the middle support point at 67,300, the upper pressure level at 68,400, and the lower support at 66,100. The KDJ shows an upward contraction trend, further indicating that there is still space above that has not been fully explored. We should wait for a clear signal after reaching the upper pressure level before starting to short. For long positions, we should patiently confirm the strength of the support level before proceeding.

Short-term trading ideas: The market is never 100% certain, so always set your stop-loss. Safety first; small losses and big gains are the goal.

For shorts, consider entering between 67,300 and 67,500, with a stop-loss at 68,000 and a target of 66,500 to 66,000. If it breaks, look for 65,500.

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

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

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique views. 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 the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on 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 stems from today's choices. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Community Expert wishes you happy investing!

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