The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether 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 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.
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Crypto Circle Academician: May 4, 2025 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 96,200. It is now 3:30 AM Beijing time. I suggest everyone pay more attention to the major Fibonacci retracement level at 0.618. The daily candlestick has been consolidating here for over a day, oscillating around this retracement line. This position is a point of exchange between bulls and bears and a key area for the main players. If this line cannot be held, it will lead to a significant downturn; if it stabilizes, it will soar to great heights.
The highest point of the daily candlestick is only 96,900, and the lowest is 95,800. Compared to the daily candlestick, the space is not very large, equivalent to consolidation. The EMA trend indicator is still expanding upwards and has not ended. The EMA15 trend line has reached 93,000, which means the daily candlestick will retrace to the EMA15 trend line. Based on the current trend, it is expected to stretch further and may reach around 94,000 for support. The MACD shows a top divergence with increasing downward volume, while the candlestick shows an upward divergence. The DIF and DEA are contracting at high levels, indicating the presence of downward momentum. The Bollinger Bands are expanding upwards, with the upper band reaching 100,650 and the middle band focusing on 91,000. Overall, the bullish space is limited, while the bearish space is larger.
The four-hour candlestick has been in an upward trend. After the candlestick retraced to the EA30 support at 95,650, it has struggled to drop further. The short-term indicators show effective support at this position. The MACD has been continuously decreasing in volume while accumulating positions, and the bearish momentum is increasing. The DIF and DEA have formed a death cross, indicating that there is a probability of further downward probing in the short term. The bulls need to be strong, but the possibility of the main players inducing a short position cannot be ruled out. It is recommended to wait for a clear pattern at the Fibonacci retracement line before considering whether to go long or short.
Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; the goal is to minimize losses while maximizing gains. Especially when breaking key resistance and support levels, stop-losses should be executed without hesitation.
For a northern entry point, consider 95,500 to 99,000, with a stop-loss at 94,500, risking 500 points, targeting 96,500 to 97,000, and if broken, looking at 97,500.
For a southern entry point, consider 98,500 to 99,000, with a stop-loss at 99,500, risking 500 points, targeting 97,000 to 96,500, and if broken, looking at 96,000.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of this article, and the suggestions are for reference only; risks are to be 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 to be 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 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 arises, 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. The way of heaven rewards diligence, the way of the earth rewards goodness, the way of humanity rewards sincerity, the way of commerce rewards trust, the way of industry rewards excellence, and the way of 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!
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