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 crypto circle academicians may not make you rich overnight, they can help you sustain your presence. 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 28, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 96,250. It is now 3:20 AM Beijing time. Yesterday, Bitcoin's target was over 91,500, aiming for 95,000, which was realized, but the stop loss for the short position at 95,000 was set at 95,600. The bullish trend continues, and a U-shaped transition in the cup pattern has appeared. Whether the U-shaped transition can be confirmed is still to be tested. The upper target can refer to the round number of 99,000. After all, this wave of pullback has liquidated most of the on-chain bulls, and the main force has eagerly started the short liquidation. This situation is no longer suitable for chasing long positions. Chasing highs and cutting losses is not part of our trading system. In cases of rapid rises and falls, wait for stagnation before deciding. The bullish trend continues.

The daily K-line reached a high of 96,550 and a low of 91,800. After standing on the EMA15 trend support at 92,000, it stretched upward. The MACD is shrinking downward, with the DIF and DEA currently showing a bearish trend from a high position. The Bollinger Bands are contracting, with the upper pressure level at 103,000 and the middle support level at 90,500. The large-scale span exceeds 10,000 points. The KDJ is expanding downward but is starting to contract, indicating that the overall trend is in a top divergence contraction phase. There is a high probability of a sharp spike in the market. Everyone can place short orders above 100,000, as the current market sentiment is predominantly bullish.

The four-hour K-line has returned to the high position of the EMA trend indicator, and the U-shaped indicator has become more apparent. The excessive high point is at 98,000, and the defense should be at 99,000. The MACD has shown an increase in volume, with the DIF and DEA forming a golden cross. The upper pressure level of the Bollinger Bands is at 99,000. The KDJ is expanding upward and is about to enter the overbought zone. In the absence of extreme market conditions, the bulls still hold the dominant position. Therefore, the strategy suggests focusing on buying on pullbacks to support, as the large-scale trend is bullish. For short-term levels, use support points as entry points for long positions. Conservative traders should not short, while aggressive traders should set stop-loss levels to avoid holding losing positions.

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

For the upper range of 98,000 to 99,000, set a defense at 99,500, with a stop loss of 500, targeting 97,000 to 96,000, and if broken, look at 95,000.

For the lower range of 94,500 to 95,000, set a defense at 64,000 to 93,500, with a stop loss of 500 points, targeting 96,000 to 96,500, and if broken, look at 97,000.

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; 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 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. 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-loss and take-profit levels for each trade. The Crypto Circle Academician wishes you happy investing!

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