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 cryptocurrency community may not make you rich overnight, they can help you stay in the game. Only those who survive in the cryptocurrency space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

I am a warrior in the cryptocurrency community, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: November 20, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 93,200. It is now 2:30 AM Beijing time. Let's review yesterday's thoughts. The suggestion yesterday was to enter the market after a price surge. Before this article was published, it was setting a new historical record. The upper target to watch is 94,000. If it breaks, you can start testing short positions. Remember to defend well and set stop losses. Do not hold onto losing positions; if you're wrong, exit, and if you're right, hold. Leave chasing the price to others. If the market shows a sudden surge, don't rush to enter. As long as it breaks 94,000 and encounters obvious resistance, you can start entering.

After the daily K-line stretches upward and breaks out, the EMA15 trend support line has reached 85,200, and the stretch is not over yet; it continues. Major trend indicators are extending upward. The MACD top divergence remains unchanged, DI and DEA are expanding at high levels, and the Bollinger Bands are opening up, with the upper band at 98,850 and the middle band at 80,500. The trend is still in the overbought area. In terms of strategy, do not chase the market; the prudent approach is to observe and protect your current holdings. Remember, the essence of trading is survival. Aggressive traders can look for opportunities to short.

The four-hour K-line has broken the ascending triangle pattern. According to the pattern indicators, there is indeed a lot of space above, and we could even see a target of 100,000. There are clear signs of a strong bullish stretch. It cannot be ruled out that this is an indicator deliberately given by the main force, so we can only judge after the market completes its movement. The MACD has ended its contraction and is starting to expand upward. A golden cross has formed above the zero line for the DIF and DEA. The trend has just formed, and the bullish momentum is very strong. The Bollinger Bands have also opened after breaking the historical high. The K-line has broken the upper band at 92,900, and the middle band support line is at 91,000. The KDJ is opening upward, and the market has entered the overbought zone. The main force may take profits at any time, so be careful not to get trapped. At this time, retail investors should not take the bait; let the main force pull the market themselves. Be rational and protect your current holdings first. Survive first, and aggressive traders can look for opportunities to short at high levels.

Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big gains are the goal.

Focus on the upper resistance of 93,900 to 94,400 to start laying out shorts, with a defense at 95,000 and a stop loss of 500 points. The target is 92,500 to 91,500, and if it breaks, look at 90,500 to 90,000.

Focus on the lower support of 90,000 to 89,500 to start laying out longs, with a defense at 89,000 and a stop loss of 500 points. The target is 91,000 to 92,000, and if it breaks, look at 92,500 to 93,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of this article; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. 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 viewpoints 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 expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where your issues lie. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. 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. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

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