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 yourself. 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 13, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 87,800. It is now 10:50 AM Beijing time. After a long sleep, I have finally regained some energy. Staying up late is not suitable for the crypto circle; the pace is too fast. So, from personal experience, I advise everyone not to hold onto losing positions, use stop-loss orders, and give yourself a chance to recover. No one becomes decentralized because of stop-loss orders, but 95% of those who do not use stop-loss orders will eventually become decentralized. Yesterday, I suggested going long at 88,300, and after taking a profit of 9,000, I did not provide further guidance, just resting and watching the market.

The daily K-line had a high of 89,995 and a low of 85,100 yesterday. All EMA trend indicators show bullish signals. The EMA15 fast line support has reached 77,950. In just two days, it will approach the 80,000 mark. A major correction has not yet begun. The key focus today is whether the daily K-line can break through and stabilize above yesterday's high. If it stabilizes, there is a possibility of stretching towards 10. If it cannot stabilize, a double top may form, leading to a bearish liquidation. The MACD has been continuously increasing, and the trading volume has shown a decline. The daily K-line has been out of the upper Bollinger Band pressure level of 87,900 for two consecutive days, and now it has returned to the Bollinger Band channel for adjustment. The KDJ shows a high-level divergence and contraction.

The four-hour K-line has made five consecutive attempts to break the 90,000 mark. A pressure point that has been attacked for a long time is bound to break. The EMA15 trend fast line support point has reached 85,400, and the EMA30 support is at 82,200. The MACD shows a top divergence with a continuous decrease. The DIF and DEA are contracting at high levels. The Bollinger Band's bullish and bearish areas are stabilizing, with the upper band pressure at 91,800 and the middle band support at 83,500. The KDJ is expanding downwards. From the market perspective, the bulls still dominate, continuously pushing upwards. The bears, on the other hand, lack momentum. After testing the support at 85,000, it has been adjusted upwards and is now at 86,000. If the support continues to adjust upwards in the short term, the upper pressure level of 90,000 will likely not hold. The strategy can be short-term trading.

Short-term reference: The market is never 100% certain, so always use stop-loss orders. Safety first; small losses and big profits are the goal.

For short positions at 88,500 to 88,900, set a stop-loss of 500 points, with a target of 87,500 to 87,000. If broken, look at 76,500 and 86,000.

For long positions at 85,500 to 86,000, set a stop-loss of 500 points, with a target of 87,000 to 87,500. If broken, look at 88,000 to 88,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in 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 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 happen unexpectedly. Develop the habit of strictly using stop-loss and take-profit orders for each trade. The Crypto Circle Academician wishes you happy investing!

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