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: November 9, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 76,560. It is now 8:15 AM Beijing time. Bitcoin has broken its historical high for three consecutive days, and we have adjusted our positions three times, with the final average price above 76,600. Some students are more aggressive, pulling the average price up to 77,000. The academician still recommends a conservative approach; after all, the essence of trading is survival. We are positioning at a high level, but we must first ensure survival rather than blindly act. The short position hunting continues.

Looking at the daily candlestick chart, last night the daily candlestick reached a high of just below 77,200 and a low of 75,555. This morning, the market opened high at 76,630. The fear and greed in the market have reached a point. We must maintain a rational layout. The EMA15 trend line is still stretching and has reached 71,830, indicating that the stretch is not over. This position still supports upward movement. The MACD is increasing in volume, and the DIF and DEA continue to expand upward at a high level. The upper Bollinger Band has reached 76,930, and the candlestick has returned to the channel.

The four-hour candlestick chart shows an ascending triangle pattern. Key support levels to watch are the flag support at 76,000 and the EMA15 trend line support at 75,500. The MACD shows a top divergence, and the volume has ended and started to decrease. The DIF and DEA have formed a death cross at a high level, and the Bollinger Band is beginning to contract. The upper resistance level has reached 78,500, and the middle support reference is 75,200. The overall trend has entered the short position hunting zone, and the strategy remains unchanged with high-level positioning.

Layout Reference: The trend layout for high-level short hunting continues. The market is not 100% certain, so always set stop-losses. Safety first; small losses and big profits are the goal.

The average price for short position hunting has reached the range of 76,500 to 77,000. Defend at 78,000 and continue to adjust positions to pull the average price. Set a stop-loss at 78,500, with targets looking at 75,500 to 75,000. If broken, look at 73,000 to 72,000.

Ultra Short

For the lower level, position long at 76,000, defend at 75,600 to add to the long position, with a stop-loss of 300 points. The target is 76,500 to 77,000, and if broken, look at 77,500.

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 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 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!

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