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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!
[The No. 2 figure in the Federal Reserve's monetary policy: There is no need to adjust interest rates in the short term and the task of reducing inflation has not yet been completed] On Thursday (April 11th) local time, John Williams, president of the Federal Reserve Bank of New York, said that the Federal Reserve has made "great progress" in balancing inflation and employment goals, but policymakers have not yet completed the task.
Crypto Academician: 2024.4.12 Bitcoin (BTC) Latest Market Analysis Reference
I suggested to short Bitcoin at 71,000 at around 3:00 pm yesterday. When I finally closed the position at around 69,500, it was already past 10:00 pm. I had originally expected that there would be a wave of negative news at 8:30 last night, but the news did not have much impact in the end, so I had no choice but to exit early and closed the position at 1,500 points (the average number of unemployment benefits in the United States is 21.45).
Let's look at today's market. As of press time, the current price of Bitcoin is 70,300. The upper pressure range is again around 71,500, but the focus of the lower space is 69,500. It is obvious that the lower space is larger. The idea is to short at highs. After the opening at 8 o'clock in the morning, Bitcoin opened low and went high again and came above the EMA trend indicator. It has been trading sideways near EMA10, which is the 70,000 integer mark, for 9 consecutive days.
The downward trend of KDJ will continue unless the market rebounds and breaks 71500 today (the bearish indicator closes downward), MACD shrinks and moves upward, DIF and DEA have not closed successfully at high levels several times, but they have been accumulating strength, the Bollinger Bands are shrinking, the upper pressure level has risen from 73000 to the current 72500, the support point has risen from 63000 to the current 66000, and the middle track support has risen from the original 68000 to the current 69200. This trend has appeared many times, and each time the market goes sideways, the long and short positions shrink, and then it is a wash cycle. (The trend has just formed and the intraday sideways trading is not expected to have large-scale fluctuations)
The four-hour K-line has been above the EMA trend indicator, standing at the 10 and 15 indicator positions (the energy-intensive area of the 70,000 mark). The KDJ is forming alternately downward (the short indicator is forming), and the MACD is shrinking and increasing to prevent the short from breaking out. The DIF and DEA are spreading downward from high levels. It can be clearly seen that it is difficult for the bulls to fully open if the 71,300 pressure level is not broken. The four-hour Bollinger Band trend is somewhat similar to the daily Bollinger Band trend, but it is also different, because the high pressure has come from 72,500 to 71,500, and the middle track exchange point has come from 70,500 to 70,000. Only the bottom lower track support has not changed and has been too high. Pay attention to 68,500 below.
Specific ideas for reference:
The first entry point for long positions is around 69,300, the second entry point is around 68,600, and the long positions is around 68,400
The first entry point for short short is around 70900, the second entry point is around 71500, and the short is around 72000 (farther away from the pressure of 71500)
Whether long or short, there is a range. It does not mean that you have to wait until a specific point to make a layout. It depends on the current pressure range of the market. You can choose to enter the market early or late. The specific operation is based on the real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only at your own risk.
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!
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