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 world for the long term and persist until the end can achieve the results they desire. I hope you understand this.

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 9, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 99,500. It is now 3:30 AM Beijing time, and there are less than five hours until the market closes. Last week, we made significant gains by buying on the dips, and although we currently hold only a small amount of our initial capital, we are still in the game. The bears remain confidently alive, and there are always signs of chasing highs and cutting losses. Many people overlook the fundamental aspect of trading, which is survival, focusing only on making money. In the end, they neither earn money nor hold any positions, which is a reversal of priorities. Whether in the real or virtual world, safety is always the top priority.

Looking at the current market, the daily K-line has a high of 100,500 and a low of 98,650, forming a flag pattern at the high. During the consolidation phase, there is a fluctuation space of 2,000 points. The EMA15 trend support has reached 96,700, but the key support EMA30 is still at 92,200. The overall trend is still stretching upwards. Even though the MACD is shrinking, it is still in the accumulation phase. The DIF and DEA are expanding at high levels, and the Bollinger Bands have contracted to the extreme. This week, it is expected to continue expanding, providing directional guidance. The upper resistance has been adjusted to 101,300, the lower support has moved up to 92,000, and the mid-point balance is at 96,700. Those with technical skills can trade both long and short at the balance point.

The four-hour K-line is in a symmetrical triangle contraction phase, also known as a sideways market. The current position of EMA15 is exactly where the K-line is, still indicating a bullish trend. The MACD shows a top divergence with shrinking volume, and the DIF and DEA are expanding downwards at high levels, which is expected to further expand. The Bollinger Bands are also showing contraction, with the upper band at 101,500 and the lower band at 97,300. If there are signs of a downward pullback, do not rush to enter the market. Wait for a pullback to test support to find an opportunity to continue going long, as the trend is bullish. Treat all pullbacks as traps for shorts and avoid the mindset of panic selling, as this is currently the least risky approach.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety is the first priority; 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 for 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 for 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 market data. For more information, you can consult the author. There may be delays in article publication, and the suggestions are for reference only; 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 your issues lie. 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, excellence 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 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。