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 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 15, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 101,330. It is now a little past four in the morning Beijing time. It's the weekend, and the main players are clearing positions back and forth, needing a break. A sideways market is a normal phenomenon. Many crypto friends ask where to take profits. My advice is to take half at 102,500. There's no rush for the rest; don't exit completely. Keep a portion of your base position. The current historical high is not the focus; what matters is when the next stretch will happen. As for many crypto friends positioning for shorts above 102,000, don't be too greedy. Regardless of whether it breaks 100,000 or not, you should exit before it reaches 100,000. After all, the larger trend is still bullish, and all pullbacks should be treated as traps for shorts.

The daily K-line has a high of 102,650 and a low of 100,800. The EMA15 trend indicator is still trending upwards, having broken 98,500. It is expected to stretch towards the 100,000 mark, at which point a new major market movement will occur. Before that, you must protect the chips in your hands and be ready for another turnaround. The MACD has been reducing volume and increasing positions for four consecutive days, and the top divergence trend has always existed. The DIF and DEA show no signs of downward movement and remain at high levels. Additionally, the K-line has been testing below the upper Bollinger Band at 103,000. You can pay attention to the two key support points at the middle track 97,650 and the lower track 92,400. At least these two positions are good points for testing long positions. Set your stop-loss and bravely test the waters.

The four-hour K-line's attempt to break 103,000 lacks strength and has started to pull back, showing short indicators. The K-line is pulling back to the EMA15 support at 100,900, which is not strong. The MACD's volume is decreasing, and the DIF and DEA are contracting downwards from high levels. The Bollinger Band is also contracting, with the middle track support point at 100,900 showing signs of continuous pullbacks. A support level that is held for too long will eventually break, so 100,900 should not be used as an entry point for long positions. Continue to look down to the lower track support at 99,300. The KDJ is forming a death cross downwards, and short positions can continue to be held. Those who have not entered can wait for lower levels to position long, following the trend to make trend-following trades and minimizing counter-trend trades.

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

For the upper range of 102,000 to 102,500, short positions with a stop-loss at 103,000, risking 500 points, targeting 101,000 to 100,000, with a break point at 99,500.

For the lower range of 98,500 to 98,000, long positions with a stop-loss at 97,500, risking 500 points, targeting 99,500 to 100,000, with a break point at 101,000.

For the lower range of 92,500 to 92,000, long positions with a stop-loss at 91,500, risking 500 points, targeting 93,500 to 94,500, with a break point at 95,500.

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. 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 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-loss and take-profit for each trade. The Crypto Circle Academician wishes you happy investing!

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