Cryptocurrency Academician: The Rise and Fall of Bitcoin on December 27, Analyzing Market Trends from Technical Indicators! Latest Market Analysis Reference

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1 day ago

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Crypto Circle Academician: December 27, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 99,200. It is now 6 AM Beijing time. Yesterday's target of 97,000 has been settled at 99,500. The target for the southbound at 99,800 is currently set at 96,000, with half of the position closed and the rest held. Friends choosing to go south should not rush to exit. Currently, although the main force is pushing towards 100,000 and taking profits, there is not only a 5,000-point space. According to the main force's usual practice, it will further explore downwards. Set a take-profit point for a pullback and a take-profit point after a breakdown. When the market is good, maximize profits; when the market is bad, be prepared to take profits in time.

The daily K-line is about to close. Before publication, the daily K-line reached a maximum of 100,000 and a minimum of 95,200, breaking the EMA30 support. 97,000 has now become a resistance level. The next EMA60 support is at 91,000. The MACD is shrinking, and the DIF and DEA are expanding downwards, approaching the 0 axis. As long as it does not break below 90,000, the bulls still have a chance. If it breaks, be prepared for at least a month of sideways trading. Then, I will choose to start my vacation. The Bollinger Bands are contracting, with the fast line entering the box. The lower track support is at 93,200, and the middle track resistance is at the 100,000 integer level.

The four-hour K-line shows a door market. After the K-line broke the EMA trend indicator, it consolidated above 95,000 for a whole day. The MACD is shrinking downwards, and the DIF and DEA are diverging in a dead cross trend. The middle track resistance of the Bollinger Bands is clearly at 97,000, with the lower track support at 93,000. The overall trend is now consolidating around the middle track, with the upper track resistance at the 100,000 level. Speaking of this, I believe everyone can see the entry points for both long and short positions. Below, you can refer to the following.

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

Northbound entry point: 93,000 to 92,000, with a defense at 91,000, stop-loss at 500 points, target at 94,500 to 95,500, and if broken, look at 96,500 to 97,000.

Southbound entry point: 96,500 to 97,000, stop-loss at 500 points, target at 95,500 to 95,000, and if broken, look at 94,500 to 94,000.

Second southbound entry point: 99,500 to 100,000, with a defense at 100,500, stop-loss at 500 points, target at 99,000 to 98,000, and if broken, look at 97,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in 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 are not 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 summarize 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 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 comes 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 happen unexpectedly. Develop the habit of strictly setting stop-loss and take-profit 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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