Crypto Circle Academician: 3.8 Bitcoin at 92,000, taking profit at 4,000 points, the ultimate judgment of triangle contraction! How to choose between long and short? Latest market analysis.

CN
2 days ago

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 crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto 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 crypto circle, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Crypto Circle Academician: March 8, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 88,000. It is now 2 AM Beijing time. The suggestion for the short position at 92,000 is to take profit at 88,000. Before this article was published, the daily K-line had a high of 91,300 and a low of 94,700. The short position achieved a target of 4,000 points. The upward target has not yet been reached. The strategy remains unchanged; as long as the support below does not break 84,000, we will not consider going up for now. Just wait. In less than half a month, the daily K-line has shown three relatively long lower shadows, and the turnover rate is too high. From this trend perspective, it is better to miss out than to make a wrong move.

From the overall trend indicators, the bearish sentiment is dominant. The EMA trend indicator is still expanding downward, and there is still momentum to further test the 80,000 level. The short-term support of 84,000 has not yet been reached, and the EMA15 resistance level of 90,000 is still moving down. Conservative traders can wait to short at high levels and follow the trend. The MACD is showing an upward volume, but the bullish momentum is clearly insufficient. Although the DIF and DEA have formed a golden cross, there is no stretching trend, and there is no volume. The Bollinger Bands' downward channel continues to expand, with all three lines moving bearish. The mid-line resistance level to watch is 91,300, and the support point is 82,000. In the short term, the 90,000 level is suitable for making swings.

The four-hour K-line triangle has contracted to two-thirds. The market is basically at the end; whether it is bullish or bearish will soon yield results. The triangle resistance level to watch is 92,000, and the support point is 84,000. The EMA four-hour trend line is contracting, and the MACD is decreasing in volume. The DIF and DEA are approaching the 0 axis from a high position. The Bollinger Bands are also contracting, with the resistance level at 92,500 and the support point at 85,000. Always set stop losses; whether bullish or bearish, you can make a few attempts. If correct, hold; if wrong, exit with a small loss.

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 a bullish trial position, the range is 84,000 to 83,000, with a defense at 81,000 and a stop loss of 500 points. The target is 85,500 to 86,500, and if broken, look at 87,500 to 89,000.

For a bearish trial position, the range is 92,000 to 92,500, with a defense at 93,000 and a stop loss of 500 points. The target is 91,000 to 90,000, and if broken, look at 88,500 to 88,000.

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; 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 make a mistake, 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. 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!

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。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink