Cryptocurrency Academician: Has the Bitcoin market contracted to the extreme on April 29? Breaking the level = one-sided? The market is about to explode! Latest market analysis reference.

CN
6 hours ago

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Crypto Circle Academician: April 29, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 94,500. It is now 3:30 AM Beijing time. The market on Monday is experiencing wide fluctuations. Everyone has probably taken profits from shorts around 95,000. Currently, we are holding longs above 93,500, which you can refer to. Influenced by the late-night surge in the US market, Bitcoin has stretched over a thousand points and is still continuing to rise. After 4 AM, as long as it doesn't break below 94,500, you can hold your longs. If it breaks below 94,500, take the 1,000 points profit first, targeting the resistance level above 95,000, aiming for maximum profit.

Currently, the daily K-line has a high of 95,600 and a low of 92,700. This wide fluctuation has exceeded 2,000 points, so it is essential to set stop losses and take precautions to prevent a one-sided market. The EMA trend indicator continues to expand upwards, showing a bullish trend on a larger scale. The EMA15 fast line support has already broken 90,000, and it is expected to stretch to around 92,500. The current oscillating market remains unchanged. Once the trend fast line reaches the K-line, a trend change is likely to occur. The MACD has started to show a top divergence with decreasing volume, and the K-line has not dropped significantly. The Bollinger Bands are expanding, with the upper resistance level at 97,500 and the middle support level at 87,700.

In the four-hour K-line, after the EMA30 trend line support at 93,450, it has stretched upwards and broken the EMA15 to rise. It is expected to continue expanding upwards. The MACD shows a top divergence with a contraction, and the DIF and DEA are close to the 0 axis. If the market breaks the previous high again, the MACD will form a golden cross trend indicating bullishness. In the short term, when making trades, it is crucial to manage risk well. The Bollinger Bands have contracted to the extreme, with the upper band at 95,300 and the lower band at 93,450, which are the top and bottom positions of the range. If broken, caution is advised.

Short-term trading thoughts: The market is never 100% certain, so always set stop losses. Safety first; the goal is to minimize losses and maximize profits. Especially when breaking key resistance and support levels, stop losses should be executed without hesitation.

For northern entry points, try positions between 93,000 and 93,500, with a stop loss at 92,500, risking 500 points, targeting 94,500 to 95,000, and if broken, looking at 95,500.

For southern entry points, try positions between 95,000 and 95,500, with a stop loss at 96,000, risking 500 points, targeting 95,000 to 94,500, and if broken, looking at 94,000.

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 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 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, integrity is valued, trust is essential, excellence is pursued, and passion is key. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for every 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.

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