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 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: Latest Bitcoin (BTC) Market Analysis on November 15, 2024

The current price of Bitcoin is 89,100. It is now 2 AM Beijing time. The daily K-line has a high of 91,800 and a low of 87,500. I chose to publish this at this time because I just took profit at 89,500 from the long position opened on August 8. You can refer to yesterday's article for specific details. I took profit from a 1,500-point intraday trend space. Occasionally, making ultra-short trades on trend positions is also quite good. If everyone has taken profit, you can take a break for now. I won't publish the trading records to avoid being accused of showing off. The rest will wait for a pullback to confirm before entering the market.

Looking at the daily K-line, it has broken the historical high for four consecutive days. Before publishing today, it has not yet broken the historical high. If it does not break the new high before the 8 AM close, we need to consider whether the bulls are still present. The EMA15 trend fast line support has stretched to the 80,000 mark and is expected to continue to pull up to provide support for the K-line. Therefore, a downward pullback is likely to occur in the short term. The MACD volume is decreasing, and the DIF and DEA are showing energy indicators. If the bulls stretch the market again, it will enter extreme overbought territory. The upper pressure level of the Bollinger Bands is at 90,700. The K-line has broken the Bollinger Bands for several days but eventually returned to the channel. The KDJ is contracting, and if it loses the 88,000 level, it will enter a downward channel in the short term. The ultra-short strategy can attempt to short at the pressure level, while the main focus remains on the larger bullish trend.

The four-hour K-line shows an ascending flag pattern. The K-line is currently pulling back to the EMA15 trend support and is starting to pull back to the upper pressure level, focusing on the 90,000 mark. The lower EMA30 trend support point is at 86,000. The MACD top divergence has persisted for a long time and is starting to decrease in volume. The DIF and DEA are expanding downwards from a high position, increasing the volatility space. If the stop-loss level is too large, it is advisable not to trade. Choose key support and resistance to re-enter the market. The Bollinger Bands are starting to contract, with both bulls and bears moving inward. The upper pressure level has reached 92,500, and the lower support level is at 84,500. You can refer to these two positions; if broken, stop-loss.

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

For the upper range, short from 91,500 to 92,000, with a stop-loss at 92,500, risking 500 points, targeting 90,500 to 90,000, and if broken, looking at 89,500 to 89,000.

For the lower range, long from 86,000 to 85,500, with a stop-loss at 85,000 to 84,500, risking 500 points, targeting 87,500 to 88,000, and if broken, looking at 89,000 to 90,000.

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 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 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-loss and take-profit 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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