The essence of trading is survival, followed by 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 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 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 25, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 998,300. It is now 3:30 AM Beijing time. Reviewing the thought process from the previous article, the short position at 96,500 was finally closed for profit at 94,000, and the long position at 92,500 was closed for profit at 96,500. A precise layout with a perfect strategy. After the double bottom formation, we cannot continue to be bearish, especially since many crypto friends who shorted near 96,500 during the rebound were swept out, particularly after the short-term appearance of a triangle flag pattern.

The daily K-line reached a high of 99,500, just a step away from the 100,000 mark. Now, reaching 100,000 is not a difficult target. The lowest was 98,550, and the EMA15 resistance level of 98,600 was lost. As long as the K-line does not break the EMA15 fast line before the daily close at 8 AM, there is a high probability that it will continue to rise today. We will wait until after the daily close to decide, while paying attention to the EMA30 support at 96,900. The MACD volume is starting to decrease, and the DIF and DEA are close to the 0 axis but have not broken below. Additionally, the K-line has pulled back to the lower Bollinger Band at 93,400 twice. Now, it is pulling back to challenge 99,600, so attention should shift to the upper resistance level, with the upper band resistance at 106,000.

The four-hour K-line downward mesh expansion trend has just ended, and the K-line has made a comeback with a large bullish candle piercing through the EMA trend line, standing at a high position. It is now consolidating above the EMA trend high point support at 98,000. The MACD has been continuously increasing, with the DIF and DEA opening upwards from a low position. The upper Bollinger Band at 98,800 has been lost, and the short-term market is approaching the overbought zone, indicating effective upper space. After all, today is Christmas Eve and Christmas Day, so a black swan event is unlikely, making the probability of a false breakout quite high. The strategy is to consider short positions after the second challenge of the 100,000 mark, and to consider long positions at the 0.618 Fibonacci retracement level.

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

For long positions, entry points are 99,500 to 100,000, with a stop-loss at 100,500, risking 500 points, targeting 99,000 to 98,000, and if broken, looking at 97,000.

For short positions, entry points are 96,500 to 97,000, with a stop-loss at 96,000, risking 500 points, targeting 98,000 to 99,000, and if broken, looking at 99,500.

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 academicians' unique views. 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 academicians also hope that all investors understand that the market is always right. If you are wrong, you should reflect on 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!

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