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 18, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 90,500. It is now 10:20 AM Beijing time. The weekly and daily charts showed a significant upward movement from 89,500 at 8 AM this morning. The daily K-line has been consolidating at a high level for a day, and now it is stretching upwards at the opening. The 90,000 mark has become a key balance point. For intraday operations, it is recommended to pay attention to this position as a short-term point of exchange between long and short.

Currently, the daily K-line still shows a high-level triangular flag pattern. Before a direction is given, it is advisable to wait for opportunities. The EMA15 trend line is still stretching upwards and has reached 84,000, further likely to break 85,000 in the future. Although the overall EMA trend line is stretching upwards, the MACD top divergence trend cannot be ignored, as it has been decreasing in volume. The DIF and DEA are expanding upwards but are in a clear contraction phase. Be cautious of the main force stretching and then liquidating. The Bollinger Bands are opening, with the upper resistance level at 97,000 and the middle band at 80,000. The KDJ is in extreme contraction, and the market has been in an overbought phase, so do not chase the price.

The four-hour K-line shows the triangular flag pattern most clearly. After the K-line retraced to the EMA30 support at 89,000, it returned above the EMA trend indicator. Currently, it is facing downward pressure at 91,000. The MACD top divergence is decreasing in volume, and the DIF and DEA are approaching 0 on the weekly chart. The Bollinger Bands are contracting, with the upper resistance level at 92,350 and the lower support level at 87,700. The KDJ is contracting upwards with a golden cross trend, but the lag is too severe and can only serve as a rough reference. The overall trend is still in a box contraction phase, so intraday trading should focus on short positions with some long positions as support. Choose key points to enter, so the stop-loss points won't be too far; if wrong, exit with a small loss.

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

For the upper range, short from 91,000 to 91,500, with a stop-loss at 92,000 to 92,500, risking 500 points, targeting 90,000 to 89,500, and if broken, looking at 89,000 to 88,500.

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

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, so 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 viewpoint. 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 viewpoints 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, you should reflect on where your issues lie and 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, precision by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

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