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Crypto Academician: 2024.8.23 Bitcoin (BTC) Latest Market Analysis Reference
As of press time, the current price of Bitcoin is 60,600. The daily K-line currently has a highest point of 60,960 and a lowest point of 60,300. The K-line is blocked by the golden section line of 0.618, which is the resistance of the range of 61,800 to 62,000. Therefore, the bulls can only leave here regretfully. There are three consecutive entry points on the 16th, 57,000 to 61,500, taking 4,500 points of space, on the 19th, 58,200 to 61,500, taking 3,300 points, and yesterday 60,000 to 61,300 took 1,300 points, a total of 9,100 points of space. No matter how many ideas are given, there are still many people who stick to short orders. This is the consequence of not bringing stop loss.
Now the two waves of the market are competing again. There are many people chasing highs above 65,000 and waiting for a surge, while those chasing shorts below 57,000 are waiting for a pullback. When the chips are one-sided, the main force will start a new round of liquidation, so it is the most appropriate idea to do ultra-short-term stop-profit and stop-loss. It's Friday. Today's market focuses on the upper resistance point. If it is not broken, be prepared to go short on highs and short long on lows.
Super short thoughts:
Go short at 61800 and 62000, stop loss 500 points, target 60500 to 61000, exit at 60000 if break.
At 60000 to 59800, stop loss 500 points, target 60800 to 61300, exit at 61800 if break
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!
