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 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 can 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 31, 2024

The current price of Bitcoin is 94,350. Yesterday, I mentioned that friends heading north entered the market after it broke below 92,000. Before this article was published, the gains for those heading north had already exceeded 2,500 points. Many friends are hesitating whether to enter the market; the bearish sentiment is too strong, yet they overlook the essence of trading. It is purely emotions that prevent you from trading. What if it were rules? If you execute according to the trading system, you won't be disturbed by external factors. You only need to plan your trades before the market opens and execute your plan during trading. Otherwise, you will often miss such good entry points.

Let's look at the order book. It is currently 5 AM Beijing time, and on the last day of the year, the daily K-line is testing the EMA60 support at 91,530. This is the best entry point for those heading north. If you miss it, consider trying to head south above 95,000. This is the first entry point for heading south. The second entry point to watch is the intersection of EMA30 and EMA15 at 96,500. While MACD is decreasing in volume, DIF is still below the 0 axis, and DEA is also trending down, potentially falling below the 0 axis at any moment. Now it depends on whether the main force will pull back and break 95,000. Here, the Bollinger Band's lower support at 91,200 is effective, and the middle band is too far at 99,000, so it is temporarily not considered.

The four-hour K-line has returned to the golden ratio 0.786 balance point at 94,300. Whether the market can form a head and shoulders bottom still requires time to observe. The temporary consolidation range has been determined. MACD has started to expand, and DIF and DEA have formed a golden cross, indicating signs of a bullish trend. Therefore, friends choosing to head south above 95,000 should remember to set stop losses; safety comes first. The Bollinger Band is still in a downward trend, with the upper pressure level at 95,800. In terms of strategy, consider heading south after another upward movement. Those heading north should take profits when they can.

Short-term strategy reference: The market is never 100% certain, so always set stop losses; safety comes first. The goal is to minimize losses and maximize gains.

For those heading north, the trial entry point is between 92,000 and 91,000, with a defense at 90,500, stop loss at 500 points, and a target of 93,000 to 94,000. If it breaks, look at 94,500 to 95,000.

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

Specific operations should be based on real-time data from the order book. 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 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 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 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 setting 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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