Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment road, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.
As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people will take fewer detours and make fewer mistakes in this market. Although I advise earnestly, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!
Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!
Cryptocurrency Academician: April 5, 2024 Bitcoin (BTC) Latest Market Analysis Reference
Is the recent Bitcoin market exactly as predicted? In yesterday's article, I provided specific points. Why didn't I provide a short-selling strategy? Because the market is likely to move unilaterally. It broke through 68,000 directly from 64,500, with a space of several thousand points along the way, reaching as high as 69,500. It started to fall back after reaching the specific resistance line of 69,700, indicating insufficient upward momentum from the main force. It needs to pull back before continuing to stretch. The overall balance point on the weekly chart is around 67,500, and the resistance level is near 69,000.
Looking at today's market, as of the time of writing, the current price of Bitcoin is around 67,550. Yesterday's candlestick stretched and broke through the EMA trend indicator, but after the opening today, it fell back into the EMA trend indicator. In the short term, it may touch the support point of 66,500, which happens to be the EMA30 standing point. The Bollinger Bands trend can currently be seen slightly rising, with the K-line supported by the 67,750 middle track line. The MACD shows a clear decrease in volume and an obvious increase in funds, with the DIF and DEA spreading downward from a high position (the uncertainty of long and short positions, temporarily indicating strong support below the 0 axis). The KDJ is closing upwards (indicating that the main force will close near 68,000, above the EMA trend).
The four-hour ultra-short trend EMA is starting to close, and the main force may take the opportunity to stretch after stabilizing at 68,000 (very likely). The Bollinger Bands are closing, with the K-line pressure at 68,500 and support at 66,500. It can be confirmed that defending against 66,500 below is the main focus. The MACD shows a volume increase, with the DIF and DEA attacking upward from a low position towards the 0 axis, and the KDJ closing, indicating another wave of decline in the overall trend. The strategy is mainly long with a lower entry point. The first entry point below is 67,000, the second entry point is 66,600, and the stop loss for long positions is at the integer level of 66,000 (slightly lower stop loss at the turning point of 66,500 to prevent being swept). Prudent operation focuses on rebounding long positions. Non-professionals are not advised to chase short positions at the moment. Remember to develop the habit of setting stop losses to prevent missing the opportunity for remedy. Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. Trade at your own risk.
Cryptocurrency Academician: April 5, 2024 Ethereum (ETH) Latest Market Analysis and Reference Suggestions
On April 1, I warned everyone not to go long on Ethereum, and to look at 3,500 on the short side. After reaching this level, I also mentioned that the trend would continue to be short, targeting the 3,300 integer level, and then the market landed at 3,200. On April 3, I reminded everyone that the main force would go long after stabilizing at 3,200, and it's okay to follow the trend. On April 4, I advised in the article that the market would continue to go long after a pullback to 3,250, and provided specific points. The target was set at 3,350 and 3,440, with a space of two hundred points above, as long as you follow the strategy of continuing to go long as I suggested, this market trend is indeed significant, with enough space for everyone to benefit (for specific details, you can refer to my previous articles).
Looking at today's market, Ethereum was at 3,269 at the time of writing, near the support point of 3,250 that I mentioned (the long side is starting to position, and the profit space is quite good, as mentioned earlier, the strategy of continuing to go long after a pullback remains unchanged). Because the three major trend indicators on the daily candlestick are crossing near 3,430, the K-line is expected to hit this level again. Currently, the daily candlestick has been standing below the EMA60 trend indicator (3,270) for four consecutive days. After the Bollinger Bands closed, the K-line support point moved down, and the pressure point also moved down to around 3,450. In addition, with the MACD showing a decrease in volume, the DIF and DEA are positioned on both sides of the 0 axis, forming a polarization (indicating that there will be a wide range of fluctuations in the market with large swings up and down) until the DEA completely enters below the 0 axis, this situation will not end. The KDJ is diverging downwards, continuously accelerating, and the K-line has not shown any signs of strength (indicating strong downward pressure, the main force may stretch after stabilizing at a low level).
The emotional fluctuations of the main force in the four-hour ultra-short trend are more pronounced, especially with the EMA trend indicators ending the downward alternation and closing (the support range is between 3,250-3,200). The Bollinger Bands are closing, with the K-line near the middle track at 3,310, and the lower track support has risen to 3,250 (this kind of closing indicates that the main force will likely have a round of shaking the market, the direction of which is still to be determined). The MACD shows a volume decrease, with the DIF and DEA spreading below the 0 axis, and the KDJ diving downwards (it is expected that the main force will wash out at a low level to grind the mentality).
Specific operational strategies: The first entry point for long positions is around 3,250, and the second entry point is around 3,200, with a stop loss at 3,150 (non-professionals are not advised to chase short positions). Short strategies and points are not provided for the time being, and the focus remains on continuing to go long after a pullback. The first resistance level above is 3,350, and the second resistance level is 3,430. Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. Trade at your own risk.
This article is exclusively provided by the Cryptocurrency Academician and represents the Academician's exclusive views. Due to the timing of article publication, the above views and suggestions are not real-time and are for reference only. Trade at your own risk. Reprinting requires attribution. The Academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. Wait until the trend becomes clear before taking action. Today's success comes from today's choices. Cultivate the habit of setting strict stop-loss and take-profit levels for each trade. The Cryptocurrency Academician wishes you a pleasant investment journey!
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