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 form 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 clear 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 upward. The MACD top divergence continues, with DIF and DEA encountering resistance while expanding upward. The Bollinger Bands are opening upward, and the bullish trend continues. The upper resistance level to watch is 104,500, and the middle track is at 86,000. Overall, with the high-level divergence, 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 pull back, 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 the 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 downward, with DIF and DEA continuing to expand downward in a death cross. The Bollinger Bands are contracting and are about to reach a critical support level. Under the condition that the large-scale bullish trend remains unchanged, all bearish indicators should be judged as false signals. The Bollinger Bands have lost the middle line at 97,600, with the lower support reference at 94,400. The KDJ is expanding downward, indicating that the decline has not yet ended. The strategy is to primarily go long on dips and secondarily short at high levels.

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

For the upper range, short at 99,500 to 100,000, with a stop loss at 10,200 to 10,300, and a stop loss of 500 points. The target is 98,000 to 97,500, and if broken, look at 97,000 to 96,000.

For the lower range, long at 94,500 to 95,000, with a stop loss at 94,000 to 93,500, and a stop loss of 500 points. The target is 96,500 to 97,500, and 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. The publication of this article may be delayed, and the suggestions are for reference only; 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!

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