Crypto Circle Academician: The 5.5 Bitcoin major Fibonacci retracement level pressure is effective, the bulls have lost ground, and the bear army is approaching! Will it be a rebound or a crash? Latest market analysis reference.

CN
11 hours 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 ensure your presence in the market. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

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Crypto Circle Academician: Latest Bitcoin (BTC) Market Analysis on May 5, 2025

The current price of Bitcoin is 95,400. It is now 4 AM Beijing time. In yesterday's article, I reminded everyone to pay attention to the major Fibonacci retracement level at 0.618. As long as the pattern is confirmed, you can enter the market. How about it? The M pattern confirmation allows for a short position, taking profits from 96,450 to 95,450. Although the space is not large, it completely meets expectations and reached the target point. Congratulations to those who followed along. Now let's take a look at the current market.

There are still four hours until the daily close. The daily K-line has a high of 96,300 and a low of 95,200. If the daily K-line retraces without breaking 95,800, it will recover in the red. Continuous red candles will continue to pull back. The EMA15 trend line has reached 93,300 and is expected to continue stretching to provide the first support point for the K-line. According to the current trend, there will be another short position wave, but the larger trend indicators are still expanding upwards, which means that after pulling back to key support, a short-term long position will still come unless negative news triggers a reaction. The MACD has shown continuous top divergence and is moving downwards, with the DIF and DEA contracting at high levels. The upper pressure level of the Bollinger Bands has reached 101,000, but the K-line is showing a downward trend, with the mid-band focusing on 91,300.

The four-hour K-line has formed a downward channel, and the EMA trend indicators are also contracting downwards. The EMA15 and 30 have reached the alternating point of 95,700. Pay attention to the EA60 support at 94,500. If it holds, a rebound is expected. The MACD is continuously shrinking downwards, and the DIF and DEA are about to break below the zero axis. The K-line is continuously testing below the Bollinger Bands at 95,200. In the short term, this line is crucial; if it cannot hold, it will lead to a significant drop. If it holds, there will be a pullback. Stay prepared with a clear mind, and after confirming the pattern, ensure proper defense and stop-loss measures. Do not let greed blind your judgment; safety is always the priority.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal, especially when breaking key resistance and support levels. Stop-losses must be executed without hesitation.

For a northern entry point, consider 95,200 to 94,800, with a stop-loss at 94,500 (500 points). Target 96,000 to 97,000, with a breakout target of 97,500.

For a southern entry point, consider 97,500 to 98,000, with a stop-loss at 98,500 (500 points). Target 96,500 to 96,000, with a breakout target of 95,500.

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 profits that should be yours slip away. There is no need to be smarter than the market; when a trend comes, respond accordingly; 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 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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