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 19, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 90,940. It is now 10:20 AM Beijing time. Let's first review yesterday's good news. Yesterday, I believe everyone saw that the 92,000 short position finally closed at the 90,000 mark. After making 2,000 points, I did not continue. My trading habit is to take profits early and build positions separately, with time intervals between the two orders. Therefore, I did not reverse to go long but chose to observe the situation. You can see that the US market pulled up again yesterday, just after we took profits, stretching from 89,500 all the way to break 92,500. We chose to stay on the sidelines for this 3,000-point move and have been watching since then.

You can see that after the daily fast line closed at 8 AM, the K-line opened at 90,500, and the high level has been unable to come down, forming a serious top divergence. The EMA trend indicator remains upward, with EMA15 already at 85,000. The MACD volume has decreased, and the DIF and DEA are contracting at high levels. The top divergence from yesterday's surge that broke 92,500 is equivalent to a stretch. It is not ruled out that there will be a stretch breaking the historical high followed by liquidation. The reason is simple: the trading volume has noticeably decreased, especially near the high points, indicating insufficient willingness to chase the price. The main force wants to attract retail investors to enter, but most people in the crypto space are veterans who have already been harvested, so there are few who fall for it. During yesterday's significant rise, the trading volume increased significantly and then gradually fell back, suggesting that after the capital inflow, the observation sentiment has increased, indicating that the main force's attempt to harvest this time has not been effective. This time, the main force is awkwardly pulling the market.

The four-hour K-line awkwardly tested the upper pressure level yesterday and then retested the EMA30 support at 89,800. The MACD top divergence is becoming increasingly serious, and the Bollinger Bands are starting to contract again, indicating a point of directional choice. The upper track has reached 91,900, and the lower track is at 89,650. Additionally, the four-hour naked K has entered the triangular trend indicator. Two patterns can be reviewed; do not only look at a single indicator. Combine the trading volume to think that the main force has reached a point where it must adjust and accumulate. Therefore, the suggested mindset is to try short positions after a rise, and remember to set stop losses, giving yourself enough opportunities to try. If you are right, hold on; if you are wrong, admit it.

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

For the upper range, short from 93,000 to 94,000, with a stop loss at 95,000 and a stop loss at 95,500. The target is 91,000 to 90,000, and if broken, look at 88,000 to 87,000.

For the lower range, long from 90,500 to 90,000, with a stop loss at 89,500 and a stop loss of 500 points. The target is 91,000 to 91,500, and if broken, look at 92,000 to 92,500.

Set a stop loss of 300 points within the box.

Short at 92,000, target 91,000.

Long at 90,500, target 91,500.

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 are not 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 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 to it 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 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 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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