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: December 3, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 95,700. It is now 2:45 AM Beijing time. Let's review yesterday's reminder to everyone to survive first and protect the chips in hand without easily entering the market. How did it go? How many long positions did the main force liquidate? Stubborn and skeptical? Remember, the essence of trading is survival, and profit comes second. In this wave, the market has seen a lot of bearish sentiment, but the academician still believes that as long as the bullish trend remains unchanged, all pullbacks are traps for shorts. Therefore, I entered long at 94,500 and am currently holding. You can refer to this.

Looking at the daily K-line, the highest was 97,200 and the lowest was 94,400, just right to pull back to the EMA15 trend line support. After a week, the K-line has pulled back to the trend indicator again. Last week's EMA15 support point was at 91,500, and this week's support point has risen to 94,500. This is my reason for entering. The trend indicator remains bullish, MACD is contracting downwards with a top divergence, and DIF and DEA are expanding downwards at a high level. The Bollinger Bands are still contracting, with the upper resistance level at 100,800, and the middle support to watch is 94,100. KDJ is contracting, and it currently seems that the bottom exploration is not over, so necessary defense and stop-loss must be in place.

The four-hour K-line shows a long bearish candle. The attempt to pull up to 97,000 failed, and now it has fallen back to test the bottom at 94,400, breaking the EMA60 support at 95,500. The key point is at the EMA90 trend line at 94,100. If it breaks, it is very likely to test the 90,000 mark. MACD is contracting downwards, and DIF and DEA are close to the 0 axis. The lower Bollinger Band at 95,500 has been lost. Currently, the K-line has returned to the Bollinger channel. Pay attention to whether it can break through 97,000. If it doesn't break, take some profits on long positions. If it breaks, continue to hold, follow the trend, and prioritize long positions with short positions as a supplement.

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

For the lower range of 94,500 to 94,000, go long with a stop-loss below 94,000, targeting 95,500 to 96,000. If it breaks, look for 96,500 to 97,000.

For the upper range of 96,500 to 97,000, go short with a stop-loss above 97,500, targeting 95,500 to 95,000. If it breaks, look for 94,500 to 94,000.

Currently holding long at 94,500, so if the long position hits the stop-loss, wait for the next wave to test the bottom at 90,000 before continuing to try long positions. If it goes up, exit with a small loss; if correct, hold with unchanged targets. The author has updated the real trading details.

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 academician'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 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; 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!

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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