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 this.

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 28, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 94,700. It is now 6 AM Beijing time. Looking at the 99,800 short position and then taking profits at 96,000 for half is the right decision. I did not exit when it broke below 94,000; instead, I chose to take profits after it pulled back and broke 94,000. The reason is simple: do not look for a bottom. I often say that when shorting, do not think about taking profits at the lowest point; only take profits at the pullback point. This is my trading habit, and I hope it will become yours as well.

It's almost six o'clock, and the daily K-line continues to show bearish candles, just as predicted yesterday. After a pullback that faked a break of the EMA30 trend resistance at 97,000, it plunged south, breaking the previous low of 95,000. The golden ratio support at 0.236, 94,400, has already been breached. Currently, although it has returned above the Fibonacci line, the bearish momentum is forming. Pay attention to the next support point, the EMA60 key point at 91,200. If it breaks the previous low after today’s opening, the DIF will enter below the 0 axis, forming a divergence with the EMA. The daily K-line has reached the lower Bollinger Band support above 92,600, so the strategy is to try to go south after a pullback above 95,000.

The four-hour K-line indicators are bearish, with the EMA trend line continuing downward. The EMA15 support has come down to 96,000. The MACD is continuing to shrink downward, and the DIF and DEA have not yet broken the shrinking indicators. The Bollinger Band is in a sideways K-line, consistently supported above 93,900. Some traders have already entered at 93,500. It is recommended to pay attention to the key resistance level above at 95,500. If it does not break, consider taking profits and going south.

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

Entry point for going north: 93,000 to 92,000, with a stop loss at 91,000, risking 500 points, targeting 94,500 to 95,500, and if broken, looking at 96,500 to 97,000.

Entry point for going south: 95,500 to 96,000, with a stop loss at 96,500, risking 500 points, targeting 94,500 to 93,500, and if broken, looking at 93,000 to 92,000.

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 heavy 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 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by business, excellence by profession, 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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