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 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: December 5, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 96,500. It is now 3:35 AM Beijing time. Let's review yesterday's performance. The strategy given at over 94,000 is well known, and those who should have entered the market have done so. Half was taken at 97,000, and the rest continues to be held. Do not rush to exit. Although sector rotation has begun, it is still in the early stages and does not mean that Bitcoin won't challenge its historical high again. As long as the bullish trend remains unchanged, all pullbacks are traps for shorts and also opportunities. Do not doubt whether the bull market is still here.

The daily K-line reached a high of 97,000 and a low of 94,600. Before publication, we can see that the daily K-line effectively pulled back to the EMA15 trend indicator support point. Just like last week, it has continuously pulled back to EMA15 for strength, and this time will be no exception. The MACD is reducing volume and increasing positions, with a top divergence trend continuing. The DIF and DEA are expanding downwards from a high position, and the Bollinger Bands are still contracting. The upper resistance level has dropped to 100,500, and the K-line is above the middle track at 94,850. The KDJ is expanding upwards, and the bullish trend remains unchanged.

The four-hour K-line pulled back to the EMA90 support at 94,550 and then broke the EMA trend indicator. The upward trend pressure level to watch is 97,500. The MACD is increasing volume and positions, with the DIF and DEA forming a golden cross upwards from a low position, impacting the 0 axis. The Bollinger Bands are in a sideways trend. The K-line briefly broke the lower track at 94,800 and stretched to break the middle track at 96,100, starting to challenge the upper track at 97,400. This validates my ongoing thought process: under the condition that the larger trend remains unchanged, all pullbacks are traps for shorts. Therefore, the bullish position can be held effectively. If the key trend pressure level is not broken, consider testing short positions, but do not short for now.

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

For the upper range of 97,500 to 98,000, short with a stop loss at 98,500, risking 500 points, targeting 96,500 to 96,000, and if broken, looking at 95,500.

For the lower range of 94,500 to 95,000, long with a stop loss at 94,000, risking 500 points, targeting 96,500 to 97,000, and if broken, looking at 97,500.

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 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 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!

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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。