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

Cryptocurrency Community Expert: November 14, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 90,875. It is now 3:50 AM Beijing time. Before this article was published, the daily K-line reached a high of 93,265, creating history once again, with a low of 86,100. From the current position, my previous adjustment from 73,000 to 82,000 and then going long was a wise choice. It is clearly a time for counter-trend operations, and one must recognize mistakes and correct them. Follow the trend; do not go against it and hit a wall. The cryptocurrency space is not suitable for hitting walls.

First, let's look at the daily K-line market. The EMA trend indicators are all expanding upwards. The EMA15 support point has reached 78,100 and is getting closer to the 80,000 support level. The MACD is increasing in volume, with DIF and DEA continuing to expand upwards. The K-line has once again broken the upper Bollinger Band at 88,400, with the middle band at 74,000. The KDJ is contracting downwards. In terms of trend, the market has entered an extreme overbought zone, so be cautious and prioritize safety. If it falls back below 88,500 during the day, the market will continue to consolidate at high levels, with several thousand points of fluctuation available for grasping.

The four-hour K-line shows a clear trend of rapid rise and profit-taking, indicating that the main force is taking profits and starting to liquidate long positions. Pay attention to the EMA15 trend fast line support at 87,500, and focus on the EMA30 midline support at 84,300, which is also at a major trend line support level. If it holds, consider positioning long. The MACD shows a large and small indicator in volume; pay attention to whether the DEA and DIF form a death cross. If a death cross forms, long positions can take profits again. The Bollinger Band is forming a bullish channel upwards, with the upper pressure level at 93,360 and the middle support level at 86,300. The strategy can continue to adopt a low long approach to test positions, remembering to operate with stop-losses. If wrong, do not resist; if right, hold on.

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

For the upper range, short from 92,500 to 93,000, with a stop-loss at 93,500, risking 500 points, targeting 91,500 to 91,000, and if broken, looking at 90,500.

For the lower range, long from 88,000 to 88,500, with a stop-loss at 87,500, risking 500 points, targeting 89,500 to 90,000, and if broken, looking at 91,000.

Conservative traders should observe, and those confused should be rational. First, protect your current holdings and 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; 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 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 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, summarize 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. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often occur unexpectedly. Develop the habit of strictly using stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

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