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Crypto Academician: 2024.8.17 Bitcoin (BTC) Latest Market Analysis Reference
Everyone should have known the idea that after the low support is held, long orders will be entered above 57000. Half of the profits were made at 59500 at 3 am before the release of this article. The remaining target of 60500 remains unchanged. Just continue to hold. Looking at the market, the daily K-line has broken through the previous high and started to hit the EMA15 fast line indicator 59900 pressure point. Pay attention to the next pressure point of 61000. KDJ's downward diffusion was blocked and pulled back, MACD's shrinkage decreased, DIF and DEA's bottom divergence shrank, and the Bollinger Bands also shrank. The probability of the daily K-line hitting the middle track of 60700 again is increasing. If the bulls want to open up completely, they can only stand firmly on the middle track.
The four-hour K-line returned to the EMA trend indicator and broke the EMA60 pressure point of 59500. The next position is to focus on the 60000 integer mark. KDJ continues to spread. The Bollinger Band 59100 has broken through the pressure and turned into support. MACD has ended its shrinking and increasing volume and started to increase. Whether DIF and DEA can form a golden cross depends on whether they can stand firm at 59300 before four o'clock.
The reference is as follows: hold more around 57000,
The price will fall back to 58500 to 58300, with the target at 60500 to 61000. If it breaks, it will reach 61500, with a stop loss of 500 points.
Above 61500 to 61800 short, stop loss 500 points, target 60500 to 60000, break to see 59500
The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the crypto, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with 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 your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and be quiet. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the crypto wishes you a happy investment!
