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 cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency 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 cryptocurrency community, always protecting the investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: December 23, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 95,000. It is now 2:40 PM Beijing time. The suggested strategy is to short at high levels, targeting 96,000 after a drop to 99,500. The daily K-line is currently consolidating around the support point of the golden ratio 0.236 at approximately 94,350. The weekly chart shows a large bearish candle, and the market opened low and continued to decline. The daily K-line has broken below the previous low of 94,350, with the next key support to watch being the EMA60 support at 90,400. It is still uncertain whether this position will be reached.

The downward trend on the daily level has not yet completed its irreversible phase, meaning the bearish trend is still dominant. The strategy can focus on shorting at resistance levels during pullbacks. The MACD is continuously contracting downwards, with the DIF and DEA expanding downwards from a high position. The K-line has reached the lower support of the Bollinger Bands near 93,400. If it breaks below this level, a short-term long position can be attempted to catch a small rebound. Before that, maintaining a short position is more prudent.

The four-hour K-line has formed a downward channel, with the EMA expanding downwards in a network pattern, indicating that the bearish trend has not yet ended. After the K-line pulls back to the EMA15 resistance level at 96,550, it has continued to decline. The price has broken below 95,000 and shows no signs of stopping. The MACD is trending downwards into a bottom divergence, and the Bollinger Bands' downward channel is contracting, with the lower support to watch at 93,800.

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 long positions, try entry points between 92,500 and 93,000, with a stop-loss at 92,000, risking 500 points, targeting 94,000 to 95,000, and if broken, looking at 96,000.

For short positions, try entry points between 96,000 and 96,500, with a stop-loss at 97,000, risking 500 points, targeting 95,000 to 94,500, and if broken, looking at 94,000.

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 Cryptocurrency Community Expert and represents the expert'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 over-leveraging or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and 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 commerce, 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 Cryptocurrency Community Expert wishes you happy investing!

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