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 this.

I am an academician in the crypto space, a warrior who has always been 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) Afternoon Market Analysis

The current price of Bitcoin is 97,450. It is now 1:15 PM Beijing time. I will update another article in the afternoon. At around 2 AM, Bitcoin did not break 95,000. I set a short position at 94,200, holding the support at 93,000, and then it pulled back again to break 95,000. At this point, one should realize how strong the main force's bullish sentiment has been. Therefore, after the short-term indicator tested the EMA60 for the third time without breaking it, I decisively exited at 94,000. When it pulled back to the convergence point of the three lines at 94,300, I went long, targeting the 97,000 mark to take profits, with an upper target of 99,000.

As of the time of writing, the daily K-line has already broken 97,800, leaving 1,200 points to reach 99,000. The EMA15 fast line support has risen to 87,600 and is still climbing. The MACD has shown a volume increase with a top divergence starting to accumulate. The main trading volume is increasing, and the market greed index has broken the 90 mark. The upper pressure level of the Bollinger Bands has reached 102,000, with the middle support to watch at 83,000. Before reaching 99,000, one can observe whether there is a pullback in the market. If there is, wait for the pullback support to be effective before entering long positions. Remember to set stop-loss measures.

The four-hour K-line showed a false short hammer line in the early morning. The short position at 94,200 did not exit at the 93,000 support point. The short-term indicators showed a clear bearish trend, and the pullback was quite decisive. This wave of false short indicators has been a significant lesson for us. In the end, we could only choose to exit the short position with a small loss and go long. Currently, the MACD and KDJ, along with other major indicators, are still climbing. The upper Bollinger Bands have broken 96,300, and the overall trend is bullish. The mindset is to enter if the neckline at 95,000 does not break, and before reaching the 100,000 mark, one can also try short positions.

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

For the lower range of 95,000 to 95,500, target 96,500 to 97,000. If broken, look at 97,500 to 98,000, with a stop-loss of 500 points.

For the upper range of 99,000 to 99,500, target 98,000 to 97,000. If broken, look at 96,000 to 95,000, with a stop-loss of 500 points.

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-loss and take-profit for each trade. The crypto circle academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。