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 form 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 investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: November 29, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 95,050. It is now 3:40 AM Beijing time. From the overall market perspective, Bitcoin will continue to consolidate at a high level. Yesterday's analysis stated that the bullish trend remains unchanged, and all pullbacks are opportunities. However, whether going long or short, there were no suitable entry points, so no arrangements were made yesterday, and I chose to wait for opportunities and entry points. As mentioned before, when the train we are waiting for has not yet arrived, we should just wait at the station. Do not board any random train, or you will go further and further away.

Looking at the current market, the daily K-line shows a high of 96,565 and a low of 94,640. The entire day has been almost flat, with a slow decline in the market. The EMA15 trend fast line support has not yet ended and has stretched down to 92,400. The MACD is shrinking downwards, with DIF and DEA expanding downwards from a high position. The Bollinger Bands are contracting, with the upper band dropping to 102,500 and the middle band stretching to 91,500, which was at 90,500 the day before, indicating an upward shift in support. The KDJ is contracting, which is a typical "boiling frog" stage, so everyone should pay attention.

The four-hour K-line has formed a cup pattern, with the top confirmed at 97,200 as a short-term high. Therefore, when testing this position again, we can consider shorting. For now, we can just wait. The fast line is currently at the intersection of the EMA trend indicators 15 and 30 at 95,000, and the overall trend is contracting. So, two positions can be referenced: the key resistance is the previous high at 97,200, and the key support is above the EMA120 trend line support at 90,300. The MACD volume is decreasing, and the gradient is reducing, with DIF and DEA facing resistance at the 0-axis pressure, starting to contract. The Bollinger Bands are entering a downward channel, with the upper band pressure reference at 97,150 and the lower band support at 91,300. The overall trend is currently at a short-term crossroads, but do not forget that the bullish trend has not ended. If it does not break 90,000, go long decisively. For the upper defense, short at 97,000.

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

For the upper range, short from 97,000 to 97,500, with a stop-loss of 500 points and a target of 96,000 to 95,000. If it breaks, look at 94,000 to 93,000.

For the lower range, go long from 91,500 to 91,000, with a defense at 90,500 to 90,000, a stop-loss of 500 points, and a target of 92,500 to 93,000. If it breaks, look at 94,000 to 95,000.

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 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 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 business, excellence by profession, 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 Cryptocurrency Community Expert wishes you happy investing!

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