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 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 stay in the game. 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 8, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 100,200. It is now 4:30 AM Beijing time. After two days of trading, I just returned to the studio from nightlife. Looking at the market, Bitcoin is still at 100,000, indicating that the bullish trend continues. So let's follow this line of thought; every pullback is an opportunity to go long. The market is slowly recovering, and there are many bearish voices emerging. Don't be disturbed by these voices. Remember, as long as the larger trend remains unchanged, treat all pullbacks as traps for shorts, which is also our opportunity.

Looking at the order book, Bitcoin's daily K-line has a high of 100,400 and a low of 98,850. The EMA trend indicator shows that the bullish trend remains unchanged. EMA15 has reached 96,300. This week, there has been a pullback trend to EMA30, so pay attention to the key support at 91,650 and the first support at 96,300. MACD shows an increase in volume and a slight upward trend. DIF and DEA are expanding at a high level, and the Bollinger Bands are still contracting. The upper band is at 101,500, and the middle band is at 96,300, with the bullish trend remaining unchanged.

The four-hour K-line shows a continuous slow rise. The short-term support for EMA15 is at 99,450. MACD shows a decrease in volume, and DIF and DEA are contracting at a high level. The market is entering a consolidation phase. The Bollinger Bands are contracting, with the upper band at 103,000, which can serve as a point for short positions, and the lower band support at 96,300, which serves as the first point for long positions. Overall, at this position, both long and short have certain space. Some fans opened both a long and a short position at the 100,000 mark, asking me about these two positions, which you can refer to. In terms of strategy, ensure to set stop-losses for intraday short trades; if there’s an opportunity, take it.

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 the upper range of 103,000 to 103,500, go short with a stop-loss of 500 points, targeting 102,000 to 101,000, and if broken, look at 100,000 to 99,000.

For the lower range of 96,000 to 96,500, go long with a stop-loss of 500 points, targeting 97,500 to 98,500, and if broken, look at 99,500 to 100,500.

For the lower range of 91,500 to 92,000, go long with a defense at 91,000, a stop-loss of 500 points, targeting 5,000 to 10,000 points in profit.

Specific operations should be based on real-time data from the order book. 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 you.

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 you. 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. Don't 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, excellence by profession, 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 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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