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 24, 2024

The current price of Bitcoin is 97,535. It is now 3:50 AM Beijing time. Bitcoin is just one step away from breaking 100,000. It is evident that there is significant selling pressure above, with resistance formed by the main force above 99,000. A short-term pullback opportunity has arrived; wait for effective support to start positioning long orders. In the short term, the main force's profit-taking behavior is quite obvious. The daily K-line has pulled back to yesterday's support at 97,200, which is worth paying attention to. As long as it holds, you can start entering the market; if it doesn't hold, wait for the next opportunity to position. For aggressive traders, a short position can be considered at 96,000, with a stop loss not too far, around 300 points. For conservative traders, wait for a low to go long.

Currently, the daily K-line has a high of 98,900 and a low of 97,300. The EMA15 trend support fast line has already reached above the 90,000 mark and continues to stretch upwards. The MACD top divergence continues, with DIF and DEA encountering resistance while expanding upwards. The Bollinger Bands are opening upwards, and the bullish trend continues. Pay attention to the upper resistance at 104,500 and the middle track at 86,000. Overall, with the high-level divergence in the trend, the bullish trend remains unchanged. Therefore, I reiterate the six words of support: do not trade when the trend is not adjusted. Now that the trend is starting to adjust, you can look for positions to go long and start testing positions, ensuring to set a stop loss. You must give yourself enough opportunities to test positions. If you make a mistake and miss the focus, set the stop loss and do not hold onto the position.

The four-hour K-line shows a slow decline. Before publication, it broke below the EMA15 trend support point at 97,750. The next support point to watch is 96,100. The MACD is shrinking downwards, with DIF and DEA forming a death cross and continuing to expand. The Bollinger Bands are contracting and are about to reach a critical support level. Under the condition that the larger bullish trend remains unchanged, treat all bearish indicators as traps. The Bollinger Bands have lost the middle line at 97,600, with the lower support reference at 94,400. The KDJ is expanding downwards, indicating that the downward movement has not yet ended. The strategy is to primarily go long at lows and short at highs.

Short-term strategy reference: The market is never 100% certain, so always set a stop loss. Safety first; small losses and big gains are the goal. The strategy is to primarily go long at support and short as a supplement, observe more and act less, and do not hold onto losing positions.

For the upper range, short from 99,500 to 100,000, with a defense at 102,000 to 103,000, stop loss at 500 points, and target at 98,000 to 97,500. If broken, look at 97,000 to 96,000.

For the lower range, long from 94,500 to 95,000, with a defense at 94,000 to 93,500, stop loss at 500 points, and target at 96,500 to 97,500. If broken, look at 98,500 to 99,500.

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 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 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; 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 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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。