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 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.
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Cryptocurrency Community Expert: November 26, 2024 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 95,400. It is now a little past 2 AM Beijing time. How many people followed the price of 96,150 yesterday? The real-time strategy provided targets 98,000. I see many old followers have followed along, while new followers are regretting not joining. Don't worry; there are plenty of opportunities. This wave has a profit of 1,800 points. The shorts did not enter the market for a simple reason: the major trend support has not been broken. All pullbacks should be treated as false signals to short. Follow the trend and avoid going against it. As long as we hold above 95,000 during this pullback, we can continue to enter and position for long.
Looking at the order book, the daily K-line has a high of 98,900 and a low of 94,500. The EMA15 trend fast line support has come to 91,700, and the stretch has not ended yet. It is expected to meet the K-line in the coming days, forming a key support point that can be focused on. The MACD shows a decrease in volume with a potential top divergence, which may enter a contraction phase. The DIF and DEA are contracting at high levels, and we cannot rule out the possibility of sharp rises and falls. The upper pressure level of the Bollinger Bands has contracted to 104,000, while the middle support has broken 88,800. The KDJ is spreading downwards, indicating the end of the overbought market and entering a consolidation phase. The bullish trend remains, and pullbacks are opportunities.
The four-hour K-line is about to touch the rising trend support point and the EMA60 intersection at 94,300. The MACD is decreasing in volume, with the DIF and DEA showing a downward divergence approaching the 0 axis. The KDJ has formed a death cross, and various indicators are showing a bearish trend. However, with the major bullish trend still in place, we look for support points to go long in the minor bearish trend. As always, the major trend is bullish, and we primarily go long in line with the trend. Treat all pullbacks as false signals to short. Enter long at key support with good defense and set stop losses. If wrong, cut losses and do not hold onto losing positions.
Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses with big gains are the goal. The strategy is to primarily go long on pullback support, with shorts as a supplement. Observe more and act less; do not hold against the trend.
For longs, enter between 95,000 and 94,500, with a defense at 94,000 to 93,500, stop loss at 500, and target at 96,500 to 97,000. If broken, look at 97,500 to 98,000.
For shorts, enter between 98,000 and 98,500, with a defense at 99,000 to 99,500, stop loss at 500 points, and target at 97,000 to 96,500. If broken, look at 96,000 to 95,500.
Specific operations should be based on real-time data from the order book. 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 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 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 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 stems from today's choices. Hard work is rewarded, integrity is valued, and excellence is pursued. 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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