The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and if 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 persist. Only those who survive in the crypto 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 crypto circle, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Crypto Circle Academician: December 29, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 95,100. As mentioned earlier, if the price breaks below 98,000, hold your position. If it doesn't break and retraces below 94,000, you should take profits, as the short-term market is showing a pullback, making it temporarily unsuitable to go south. After the pullback ends, if the price breaks above the pressure level of 95,500, you can look for opportunities to go south. The biological species are in chaos again, and before you know it, it's already past six in the morning. Plus, the market on Sunday will only give direction in the evening, so everyone can take a break before that.

The daily K-line reached a high of 95,350 and a low of 94,130. The market is moving slowly upward; will there be a quick drop? The current K-line is at the level of horizontal support and trendline support. Watch for a pullback to the EMA30 pressure level of 96,700. The support point for going south is at 91,400. The MACD is shrinking, and the DIF has fallen below the 0 axis, forming a polarization with the DIF, indicating a typical sideways trend. The lower Bollinger Band has moved down to 92,000, and the middle band has shifted down to 99,000. In the short term, whether going south or north, you need to wait. Control your hands and only act after reaching key pressure or support levels.

The four-hour K-line has pulled back to the EMA15 trend pressure level of 95,300. The entry point for going south is around the EMA30 pressure level of 96,000. The MACD continues to shrink and accumulate, and the DIF and DEA may form a golden cross at any time. The middle Bollinger Band at 96,000 can be used as a reference; as long as it doesn't stabilize, you can choose to go south. You can find two positions as entry points for going south.

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

For going north, the trial entry point is between 93,000 and 92,000, with a defense at 91,000, stop-loss at 500 points, and a target of 94,500 to 95,500. If it breaks, look at 96,500 to 97,000.

For going south, the trial entry point is between 96,000 and 96,500, with a defense at 97,000, stop-loss at 500 points, and a target of 95,000 to 94,000. If it breaks, look at 93,000 to 92,000.

For going south, the entry point is between 99,000 and 99,500, with a defense at 100,000, stop-loss at 500 points, and a target of 2,000 to 5,000 for profit-taking.

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; 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 in investing. 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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