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 advice from the cryptocurrency community may not make you rich overnight, it can ensure your presence in the market. Only those who survive in the cryptocurrency space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the cryptocurrency community, always protecting the small investors. I wish my fans financial freedom by 2025. Let's work hard together!

Bitcoin

The current price of Bitcoin is 100,900. It is now 3:30 AM Beijing time. A wave of liquidation just cleared the long positions, and now it is pulling back up to start liquidating long positions again. Some inexperienced traders are heading south at the 100,000 mark, not knowing what they are thinking. Perhaps this is the characteristic of the cryptocurrency market: there is never a shortage of people chasing highs and cutting losses. More experienced followers are concerned about where the price will go in the short term.

Looking at the order book, the daily K-line was still stretching before publication, reaching a high of 104,250 and a low of 98,910. The EMA trend indicator shows a downward expansion trend, which means that the current main force's pullback is within a normal range. Pay attention to the upper Fibonacci retracement level of 0.618 at the resistance point of 106,500. The MACD continues to decrease in volume and accumulate, with DIF and DEA still in a bearish trend. However, the K-line has returned to the Bollinger Bands channel, with support at 103,000 and mid-band resistance at 109,000. Therefore, everyone can focus on breaking the resistance at the 0.618 level and look for positions to test the waters southward, while temporarily holding onto their chips.

The four-hour K-line is based on the recent historical high and low points, finding the first resistance at 104,735 and the second resistance at 109,300. The short-term EMA15 has already met the K-line, while EMA30 continues to decline. Pay attention to 106,000. If the K-line continues to rise, the MACD will end its contraction and begin to expand upward. The DIF and DEA golden cross is forming, with resistance at the middle Bollinger Band at 105,400. At this time, keep a balanced approach and do not subconsciously commit to one direction. Follow market rules, believe in probabilities and rules, befriend the trend, and be your own enemy.

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, especially when breaking key resistance and support levels. Stop-losses must be executed; do not hold onto losing positions.

For testing positions northward, the entry point is 98,500 to 98,000, with a defense at 97,500 and a stop-loss of 500 points. The target is 99,500 to 100,000, with a breakout target of 100,500 to 101,000.

For testing positions southward, the entry point is 108,000 to 108,500, with a defense at 109,000 and a stop-loss of 500 points. The target is 107,000 to 106,000, with a breakout target of 105,000 to 104,000.

Specific operations should be based on real-time data from the order book. For more information, you can consult the author. The publication of this article may be delayed, and the suggestions are for reference only; risks are borne by the reader.

This article is exclusively contributed by the cryptocurrency community scholar and represents the scholar's unique perspective. 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 scholar 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. 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 cryptocurrency community scholar 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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