Cryptocurrency Academician: On November 30, Bitcoin enters the "boiling frog" stage, how to respond? Latest market analysis reference.

CN
6 hours ago

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Cryptocurrency Community Expert: Latest Bitcoin (BTC) Market Analysis on November 30, 2024

The current price of Bitcoin is 97,300. It is now 3:50 AM Beijing time. Let's review yesterday's operations. We set a short position at 97,500, with a stop-loss at 98,200, risking 500 points. I was almost stopped out; the resistance level is quite strong. As mentioned in yesterday's article, there is a cup pattern, and many people are unclear about it. The cup's mouth has a flag pattern, and the resistance level of this flag is right at the daily candlestick's highest point around 98,500. The neckline has been confirmed at 97,000. Shorts should not be held for too long; we need to watch if the support around 95,500 can hold before deciding how to proceed.

Currently, the daily candlestick's highest is 98,620, and the lowest is 95,350. The main force is still pushing towards 99,000. The EMA15 trend indicator's support has stretched to 93,000, and even the larger support level has reached 87,300. The overall larger trend remains bullish. The MACD shows a decrease in volume with an increase in positions, and the market's top divergence remains unchanged. The DIF and DEA are expanding downwards, and the Bollinger Bands are contracting. The upper pressure level has reached 101,500, with the middle track support at 92,500. The KDJ is about to form a golden cross.

On the four-hour K-line, there is significant resistance at 98,000. The EMA trend is contracting, and the K-line is expected to strongly retrace to the EMA15 support. Watch the trend support point at 96,000. The MACD shows an increase in volume but is not strong. The DIF and DEA have just crossed above the zero axis. From the overall trend perspective, there are signs of a retracement above. Pay attention to the strength of the 96,000 support. If it holds effectively, it can be chosen as the first entry point for testing positions. The strategy should follow the larger bullish trend, treating most retracements as opportunities to go long, while high-level shorts should be secondary. In a bullish trend, treat all retracements as traps for shorts.

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.

For shorts, enter at 98,000 to 98,500, with a stop-loss at 99,000 to 99,500, risking 500 points, targeting 97,000 to 96,000, and if broken, look at 95,000 to 94,000.

For longs, enter at 94,500 to 95,000, with a stop-loss at 92,500 to 93,000, risking 500 points, targeting 96,000 to 97,000, and if broken, look at 98,000 to 98,500.

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 Cryptocurrency Community Expert and represents the expert's unique views. 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 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 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by business, precision by industry, and heart by art. 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!

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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