Cryptocurrency Academician: After the virtual breakdown of Bitcoin at 95,500 on December 30, a bearish trend swept in! Looking at the current market, there are investment opportunities! Latest market analysis reference.

CN
6 days ago

The essence of trading is survival, and only then comes 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 advice from the crypto circle academicians may not make you rich overnight, it can ensure your presence in the market. 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: Latest Bitcoin (BTC) Market Analysis on December 30, 2024

The current price of Bitcoin is 93,500. In yesterday's article, I reminded you that after breaking the 95,500 level, it would head south. Now, before this article is published, there is already a 2,000-point space available to take profits. My advice is to take profits again and continue to watch the previous lows. Do not rush to go north for now. After breaking below 93,000, look for opportunities to head north. Do not always be in a hurry to open positions. Once you learn to wait with no positions, you will have already surpassed 99% of people in the crypto circle.

The daily K-line reached a high of 95,350 and a low of 93,350, and it is not far from the bottom EMA60 support at 91,400. Those who have not gone south can wait for a pullback to 95,000 before heading south. The overall trend of MACD is spreading downwards, with DIF falling below the 0 axis, and DEA is also approaching the zero axis. The temporary bearish momentum indicates that the main force has the energy for a pullback. Since it is a bearish trend, it is better to wait for a pullback before shorting. The lower Bollinger Band has dropped to 91,500, while the middle band is still at 98,850. Those heading north can consider entering the market after breaking below 92,000, focusing mainly on going south in the short term.

The four-hour K-line has broken below the key support, opening up space below. MACD is continuously shrinking downwards, with DIF and DEA spreading downwards at low levels, along with the trend indicator stretching downwards. The EMA15 resistance level has reached 94,800. In terms of strategy, consider positioning for shorts after a pullback to the trend line, while following the trend and ensuring proper risk management with stop-losses. As long as you ensure safety, leave the rest to time.

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

For northward trial positions, the range is 93,000 to 92,000, with a defense at 91,000 and a stop-loss of 500 points. The target is 94,500 to 95,500, with a breakout target of 96,500 to 97,000.

For southward trial positions, the range is 95,000 to 95,500, with a defense at 96,000 and a stop-loss of 500 points. The target is 94,000 to 93,500, with a breakout target of 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 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 your own issues and not 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 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. 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 managing stop-losses and take-profits 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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