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 sustain your presence. Only those who survive in the crypto space for the long term and persist 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 12, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 88,350. It is now 2:30 PM Beijing time. After staying up all night for a week, I just woke up to review yesterday's trading. As everyone knows, the short position at 73,000 was a big contrarian move, and I kept adjusting my position to average down, finally adjusting to 82,100. Originally, when it broke below 82,000 at 10:45 PM last night, I thought it was stable, but unexpectedly, the ultra-short indicators stretched back above 82,000. I had no choice but to exit at breakeven and opened a long position at 82,200, setting a take-profit at 85,000. At 2:39 AM, it reached the target, and it can basically be judged that this is a wave of a bull market.

Yesterday's daily K-line had a low of 80,200 and a high of 89,530. Today's opening has seen a daily K-line high of 89,470 and a low of 86,560. The current price is still at a very high level, and 90,000 cannot be held. Retail investors are also afraid to chase high. What remains is to watch the main force perform. The EMA trend 15 fast line has reached 76,750, and all trend indicators are clearing upwards. MACD is expanding upwards, increasing positions, with DIF and DEA widening their gap. The Bollinger Bands are expanding outward, and after the K-line broke the upper track line at 86,100, it has not returned to the Bollinger channel before this article was published. KDJ is expanding upwards, forming pressure. It is expected that there will be exciting fluctuations at the 90,000 mark.

The four-hour K-line shows a bullish trend with a double bullish engulfing pattern. Short-term long positions can be entered at the current price, with a stop loss at 88,000. The EMA 15 support point continues to rise to 83,300. MACD is expanding and diverging, and the upper Bollinger Band pressure level is at 89,400. KDJ continues to expand upwards, and the bullish trend is strong. The main force's celebration has already cleared most retail investors out. Now we can only watch; chasing long or short positions carries risks. When the risks outweigh the rewards, it is advisable to observe. Aggressive traders can chase long positions.

Layout reference: The market is never 100%, so always set a stop loss. Safety first; small losses and big gains are the goal.

Aggressive traders can go long at the current price, targeting 89,000 to 89,500. If it breaks, look for 90,000. If it breaks 88,000, it is recommended to take a step back and preserve your chips to survive.

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, and the suggestions are for reference only; 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!

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.

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