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 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 investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: Latest Bitcoin (BTC) Market Analysis on 2024.10.30

The current price of Bitcoin is 72350. It is now 4 AM Beijing time, and I've been monitoring the market all night. After the price surge, my advice to my students with real positions is to short at 72000, with a defensive position at 73000 to add to the short. Currently holding this position, the layout is light this time, so I did not choose to set a stop loss 500 points above but adjusted the position, continuously pulling the average price up. For long positions, the reason is simple: when facing significant resistance levels in a major trend, there is no need to hesitate about shorting. Once you enter the hunting zone, act decisively. There are real-time records in my social circle for everyone to refer to.

Looking at the daily candlestick chart, the highest price is 73620, and the lowest is 69760. The EMA trend indicator is expanding upwards, with the EMA15 support point at 67750. It is not over yet; it will continue to stretch upwards to provide support for the candlestick. The short-term resistance is clear, having reached the major neckline at 73000. The short position is valid and should be held. The MACD is increasing, with DIF and DEA expanding at high levels. The Bollinger Bands are expanding upwards, breaking the upper resistance at 72100. No matter how much it stretches, it will eventually pull back into the Bollinger channel, with the middle band support still stretching upwards, focusing on the integer support point at 68000.

The four-hour candlestick chart shows bearish indicators, forming an inverted hammer. There are clear signs of the main force raising prices to sell off. The EMA15 trend support is at 70300, which can be monitored. The MACD is encountering resistance and starting to decrease, with DIF and DEA expanding at high levels facing resistance at 73500. After the Bollinger Bands expand, the upper resistance is at 73000, and the middle band support is at 69150. The market has entered the overbought zone, and a reversal is likely. The KDJ has formed a death cross at high levels. Hold the short position; the strategy remains unchanged: short at resistance, with important support at the integer level of 70000.

Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses with big gains are the goal.

Short at 72500 to 73000, with a defensive position at 74000 to add to the short, stop loss at 74500, and target at 71500 to 70500. If broken, look at 69500.

Long at 69000 to 69500, with a defensive position at 68500 to add to the long, stop loss at 500 points, and target at 70000 to 71000. If broken, look at 72000.

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 Cryptocurrency Community Expert and represents the expert's unique viewpoint. 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 viewpoints 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 expert 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 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, excellence by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

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