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 cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency 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 cryptocurrency community, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: November 27, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 92,200. It is now 3:30 AM Beijing time. The low long strategy for Bitcoin yesterday has failed, and unfortunately, I had to stop-loss and exit. There’s no need to resist the market; if you’re wrong, just admit it. It’s fine to wait for another opportunity to enter. Currently, Bitcoin has reached above the major neckline level. We will see if this position can hold; otherwise, it may trigger a large-scale liquidation of long positions. Everyone, remember to manage your risks.

Currently, the daily candlestick has a high of 95,000 and a low of 91,450, just retracing to the EMA15 trend support point. Since the 6th, it has deviated from the EMA trend indicator and has finally retraced to the key support. This position is exactly the support point of the ascending triangle trend line. The overall EMA trend remains bullish. The Fibonacci retracement level of 0.236 support is at 87,500. The MACD shows a top divergence starting to decrease in volume, with the DIF and DEA forming a death cross trend at a high level. The Bollinger Bands are also showing a contraction. The middle band support is at 89,500, and the KDJ is expanding downwards. Most indicators at the larger level are starting to turn bearish. Whether this is a trap for shorts or a vacuum will be determined when the market breaks key support.

The four-hour candlestick has reached the intersection of the triangle flag support line and EMA90 above 91,500. The next support point to watch is 89,500. The MACD is decreasing in volume downwards, with the DIF and DEA falling below the zero axis and entering a downward channel. The lower Bollinger Band has lost support at 91,600 and is starting to expand downwards. Watch for the middle band resistance at 96,000. The short-term level is about to enter the oversold zone. Pay close attention to extreme oversold conditions, as there is a high probability of a rebound afterward. Overall, it seems likely that Bitcoin will return to the 90,000 mark. Aggressive traders can short, while conservative traders should wait for a bottom around 90,000 before looking for opportunities to position.

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.

For the downside, 90,500 to 90,000, with a defense at 89,500 to 89,000, stop-loss at 500, target at 91,500 to 92,000, and if broken, look at 93,000.

For the upside, 94,500 to 95,000, with a defense at 95,500 to 96,000, stop-loss at 500 points, target at 93,500 to 93,000, and if broken, look at 92,000.

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 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, trust is essential, precision is crucial, and passion is key. 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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