The essence of trading is survival, followed by 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 sustain your presence. Only those who survive in the crypto space for the long term and persist 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 21, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 93,550. It is now 2:40 AM Beijing time. The short position that Bitcoin has been waiting for has finally entered at 94,200. Pay attention to the first triangle support point at 92,500 and the second ascending trend line support point at 91,000. If it doesn't break, clear your position and exit; if it breaks, continue to hold. The daily K-line has a high of 94,830 and a low of 91,500. The market is in an extremely overbought divergence phase, with strong upward resistance. Leave the chasing of highs to others; we will try short positions at high levels, set proper stop losses, and if wrong, exit with a small loss. A red heart and two hands prepared.

Currently, the market shows an overall divergence in the daily K-line trend. The EMA15 trend fast line support has reached 86,000, and EMA30 has also broken 80,000. The MACD top divergence continues, with DIF and DEA expanding and contracting at high levels. After the Bollinger Bands opened, the upper track reached the 100,000 mark, and the middle track came to 81,500. KDJ is extremely contracted, and the market could change at any time, so be cautious.

The four-hour K-line shows alternating indicators, forming a triangle flag breakout. Pay attention to the support at the 92,500 level and the alternating point of the ascending trend line EMA30 at 91,300. Whether it can form an M shape still needs time to verify, and I remain skeptical for now. The MACD top divergence continues with decreasing volume, and DIF and DEA have remained above the 0 axis. After the K-line broke the upper Bollinger Band at 94,400, it returned to the channel. The middle track support is at 91,800, and the lower track reference is at 89,100. The strategy is to test short positions at effective resistance levels, with manual stop losses.

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

Focus on the upper resistance of 94,000 to 94,500 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 article 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 summarize 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. 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 losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

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