Cryptocurrency Academician: On May 10, although the extreme overbought bulls of Bitcoin are strong, the risk of a pullback cannot be ignored! Latest market analysis reference.

CN
8 hours ago

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 sustain yourself. 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.

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: May 10, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 103,000. It is now 4 AM Beijing time. I chose to follow the trend and made a short-term long position, but I didn't dare to hold it for too long, taking a profit of 1,500 points. My principle in trading is survival first; find the stop-loss point before considering profit. Many people have been liquidated in the market, especially now that we are in an upward trend. Do not rush to short, and do not open long positions casually. Maintain a cautiously optimistic attitude.

The daily K-line reached a high of 104,400. The EMA trend indicator shows a significant upward trend. The bullish momentum is stretching, and the EMA15 trend fast line has broken 96,000 and continues to rise. The bottom support is expected to reach around the 100,000 mark soon. In the short term, the main force will consolidate at high levels. The MACD has been continuously increasing, with DIF and DEA expanding upwards at high levels. The K-line has fallen back to the upper Bollinger Band around 102,750. After a prolonged divergence, an extreme overbought situation has led to a correction, which is quite normal. As for where the correction will go, we will consider whether to continue going long after the price approaches the support point.

On the four-hour K-line, an ascending triangle pattern has formed, and a doji star has appeared, signaling a potential reversal. In this high-level consolidation market, there is a high probability of forming a top. The EMA trend indicator is expanding upwards, with the EMA15 fast line support at 100,800, indicating a typical sustained bullish trend. The MACD has been continuously increasing, but the volume is starting to decrease. The K-line has formed a top divergence trend, and it has returned to the Bollinger Band channel, facing resistance at the upper Bollinger Band pressure level of 105,100. The mid-band is at 99,000, and the entry points for long and short positions can be used as references.

Short-term strategy reference: The market is never 100% certain, so always set a stop-loss. Safety first; small losses and big gains are the goal, especially when breaking key resistance and support levels. Stop-loss is still necessary; do not hold onto losing positions.

For a northern trial position, the range is 100,500 to 100,000, with a defense at 99,500 and a stop-loss of 500 points. The target is 102,000 to 103,000, with a breakout target of 104,000.

For a southern trial position, the range is 104,000 to 104,500, with a defense at 105,000 and a stop-loss of 500 points. The target is 103,000 to 102,000, with a breakout target of 101,000.

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 your own issues and 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 to 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 commerce, excellence by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit 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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