There is no need to over-demonstrate your strength. The key is to gain recognition from more people. On the road of investment, it is more important to do your best than to prove your strength to others. You will know whether it is a mule or a horse by taking it out for a walk.
As a senior person in the crypto, I have been committed to providing useful suggestions to everyone, hoping that everyone will take fewer detours and make fewer wrong orders in this market. Although I have been earnestly advising you, you still need to explore the road of investment by yourself. Learning is endless, and the experience you have learned is the real wealth!
Here, I wish my fans to achieve financial freedom in 2024. Let’s cheer for them together!
Crypto Academician: 2024.9.13 Bitcoin (BTC) Latest Market Analysis Reference
The current price of Bitcoin is around 58,300. It is now 2:30 am Beijing time. After yesterday's wave of short inducement, the daily K-line turned back today to look at the EMA30 resistance level of 58,500. It has been testing the strength of this position. MACD has ended its shrinking volume and started to increase its volume. The bulls who formed a golden cross at a low level of DIF and DEA clearly have a dominant position. Now it depends on whether the daily K-line can break the Bollinger Band's medium pressure level of 58,500, because KDJ has been spreading upward for some time. If it can't go up, it will fluctuate in the range of 58,500. It's already the weekend.
Those who have arranged more than 56300 can choose to cash out part of it near 58500, and don't rush to leave the market for the rest. The profit of this order has been obtained, at least more than twice the margin has been pocketed, and the time to cash out the rest will depend on the market. The four-hour K-line retraced to the EMA15 and 90 contraction point of 57300, clarifying the intraday support. The support continues to stretch effectively. The overall trend of EMA shrinks upward, the MACD volume decreases, and the upward diffusion of DIF and DEA shows a top divergence. Although it has just appeared, you should pay attention to it.
The Bollinger Bands are closing, and the K-line is currently hitting the upper rail 58650 pressure level. The KDJ is also spreading upward. From the overall trend, the bulls have a certain advantage, but they have encountered relatively strong pressure. Whether it is a large-scale or small-scale pressure level, it is basically in the 58500 range. Those who have not entered the market can consider continuing to buy when the support level is reached. If they encounter strong resistance at high levels, they can try to go short.
Short-term thinking reference: The market is not 100% certain, so you must set a stop loss, safety first, small losses and big profits are the goal
Below 57300 to 57000, stop loss 300 points, target 58000 to 58500, break 59500 to 60000
Short at 59500 to 59000 above, cover short at 60200 to 60500, target 58500 to 58000, break to 57500 to 57000, stop loss 500 points
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!
