The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and if 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 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 23, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 99,100. It is now 3 AM Beijing time, and Bitcoin has once again broken its historical high. It is just a step away from reaching the 100,000 mark. Will there be a situation where it seems so close yet so far? Currently, the greed index on the market has reached 94. I mentioned yesterday that the historical highest greed index is 95, and every time it reaches 95, there will be liquidations. This time, I expect no surprises. Once the final step is kicked away, the market's greed index will reach 95 as expected. At that point, it will not be suitable for retail investors to participate. The best approach is to watch from the sidelines and hold your chips tightly.

Currently, the daily K-line has a high of 99,490 and a low of 97,140. The EMA15 trend support has come to 89,200. The MACD is expanding, and the DIF and DEA continue the bullish trend. The upper pressure level of the Bollinger Bands has reached the 104,000 mark, while the middle band is still at 84,500. The large-scale bullish trend remains unchanged, and we should not speculate on where the top is. It is advisable to wait for a trend pullback before primarily taking long positions. After confirming the large-scale trend, we can look at the short-term trend.

The four-hour K-line is consolidating at a high level. The K-line has retraced to the EMA15 support at 97,100, with effective bullish defense at 95,000. This can be used as an entry point. The MACD is reducing volume and continuing the top divergence. The DIF and DEA are still in an upward expansion trend. Overall, the strategy should follow conventional thinking. Since the large-scale trend is bullish, we can understand that all bearish indicators can be classified as false signals in a bullish trend. After confirming support, we can continue to lay out long positions.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal. The strategy is to primarily take long positions on pullbacks to support, with shorts as a supplement. Observe more and act less; do not hold onto losing positions.

For the upper range of 10.2 to 10.3, short with a stop-loss of 500 points, targeting 10.0 to 9.95, and if broken, look at 9.90 to 9.70.

For the lower range of 9.50 to 9.60, long with a stop-loss of 500 points, targeting 9.70 to 9.80, and if broken, look at 9.90 to 10.0.

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 rationally 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. When a trend comes, respond and follow 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 by heaven, goodness by earth, sincerity by humanity, trust by commerce, precision by industry, and heart by art. 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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