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 suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

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: November 17, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 91,300. It is now 3 AM Beijing time. Let's review. Yesterday, various self-media outlets announced a short at 91,500, and finally reminded everyone to take profits at 91,500 points. The market made another move down during the day, and the Sunday market is likely to continue to consolidate at a high level. The bullish trend is too strong. My thought process is simple: do not chase the price up; I would rather wait and not chase. In this crazy bull market, the priority is to protect the chips in hand and survive. The essence of trading is survival. If you cannot remain rational, all that is left is fear and greed, which will ultimately lead to decentralization.

Looking at the current K-line pattern, the daily K-line has a high of 91,780 and a low of 90,050. The EMA trend indicator is still collectively stretching upwards. The EMA15 trend support has come to 82,200, while the market is pushing towards 92,000, with a gap of ten thousand points inside. The MACD top divergence trend has already appeared, with DIF and DEA expanding upwards at a high level. A divergence in a large-scale market indicates that the trend may change at any time. The upper pressure level of the Bollinger Bands has been pushed up and has broken 94,350, while the middle track has reached 77,600. The KDJ dead cross trend has been reversed to a golden cross. This back-and-forth market is not suitable for trading. When choosing to enter the market, select key pressure and support levels. If the stop-loss level is too large, it is better to wait and see.

The four-hour K-line has continuously shown high-level consolidation shadows, which are pullbacks after the highs. The EMA15 trend support point is at the 90,000 mark. The four-hour MACD top divergence continues to shrink, with DIF and DEA contracting, along with the Bollinger Bands contracting. The upper pressure level to watch is 92,850, while the middle track at 90,000 is difficult to hold. Pay attention to whether the lower track at 87,200 can hold as the bottom of the box, serving as entry points for both long and short positions.

Short-term trading thoughts for the day: The market is never 100%, so always set a stop-loss. Safety first; small losses and big gains are the goal.

For the upper side, short at 92,000 to 92,500, with a stop-loss at 93,000 to 93,500, and a stop-loss of 500 points. The target is 91,000 to 90,000, and if broken, look at 89,000 to 88,000.

For the lower side, long at 87,000 to 87,500, with a stop-loss at 86,500 to 86,000, and a stop-loss of 500 points. The target is 89,000 to 90,000, and if broken, look at 91,000 to 92,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in 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 may not be 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 in investing. 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-loss and take-profit for each trade. The Crypto Circle Academician wishes you happy investing!

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