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 advice from the crypto circle academicians may not make you rich overnight, it can ensure your presence in the market. 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: December 1, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 97,000. It is now 4:15 AM Beijing time, and there are less than four hours left until the monthly close. The weekly chart shows a long lower shadow, while the daily K-line shows an ascending triangle trend. All voices in the market are bullish, with the reasoning being that if the historical high is broken again, the market will experience a retaliatory surge. According to the trend indicators, as long as it breaks 99,600, Bitcoin will not stop at 100,000 but will go higher into the unknown. We do not need to look too far into the future; we should focus on the trends that are currently emerging.

The daily K-line has a high of 97,500 and a low of 96,000. The bullish and bearish strategies provided yesterday were not executed. The principle of preferring to miss out rather than make a mistake remains unchanged. The opportunity we were waiting for has not arrived; we are still at the station. The EMA15 trend line has reached 93,550, MACD volume continues to decrease, and the DIF and DEA are diverging downwards from a high position. The Bollinger Bands have begun a new round of contraction, indicating that a reversal will occur soon. It will either break the 100,000 mark or fall below 90,000. The upper resistance level has reached the 100,000 mark, the middle support has broken 93,000, and the lower band is still at 86,000. The KDJ has formed a golden cross trend, favoring the bulls.

The four-hour K-line also shows bullish indicators, targeting 99,000. The support to watch is the EMA30 key point at 96,000. The MACD volume is decreasing, and the DIF and DEA are contracting at a high level. The Bollinger Bands are also contracting, with the upper band at 98,000 and the lower band at 94,600. Market sentiment is in a stable phase, which is what I referred to yesterday as "boiling a frog in warm water." The main force has started to use Sun Tzu's Art of War. At this time, it is essential to manage risks well. Whether shorting at high levels or longing at low levels, always set stop losses to prevent liquidation.

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

For the upper range, short from 98,000 to 98,500, with a defense at 99,000 to 99,500, and a stop loss of 500 points. The target is 97,000 to 96,000, with a breakdown target of 95,000 to 94,000.

For the lower range, long from 94,500 to 95,000, with a defense at 92,500 to 93,000, and a stop loss of 500 points. The target is 96,000 to 97,000, with a breakdown target of 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 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 emerges, 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 losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

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