• 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 donkey or a horse, you'll know once you take it out for a walk.

  As a senior figure in the coin circle, I have always been committed to providing helpful advice to everyone, hoping that everyone will take fewer detours and make fewer mistakes in this market. Although I am earnest, the road to 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!

  

  Just in the past few months, Wall Street's expectations for the number of interest rate cuts by the Federal Reserve this year have dropped from 7 times to 3 times, and now, this number may further decrease to 0 times.

  At the end of last year, due to the rapid decline in U.S. inflation at the time, although the Federal Reserve expected to cut interest rates only 3 times within the year, Wall Street believed that the Federal Reserve would more aggressively promote interest rate normalization, and it was expected that the Federal Reserve would cut interest rates as early as March, reducing the federal funds rate from the current level of 5.25-5.5% to the level of 3.5%-3.75% for the whole year.

  And now, influenced by a series of economic data in the past few months, the Federal Reserve's first rate cut of the year has not been realized, and the market has reduced its expectations for the number of interest rate cuts by the Federal Reserve from 7 times to 3 times.

  And last week, with several Federal Reserve officials coming out as "hawks" and the U.S. Labor Department releasing strong non-farm payroll data, more and more economists on Wall Street have begun to predict that there may be no interest rate cuts this year.

  Coin Circle Academician: Bitcoin (BTC) Latest Market Analysis Reference for April 7, 2024

  

  Bitcoin reached the designated position at 7 o'clock in the morning. Congratulations to everyone for catching the opportunity to profit together. After 7 o'clock in the morning, the news showed 999+, which is really overwhelming. The actual position students are the main focus. I will update my article as soon as possible. I have been reminding everyone for several days to focus on long positions (the risk of shorting at high levels is greater than the potential returns, so it's better to wait and see). The headline yesterday was eye-catching, right? Stabilizing above 68,000, the bulls are ready to charge at any time. Breaking through the 70,000 psychological barrier is a sure thing. Our position is to enter at 66,600 and set a profit target at 69,200, and continue to look higher. Currently, there is a 2600-point high ground. Can we short? (No, the main force will move back and forth around 70,000. The market will not always trend unilaterally, nor will it trend unilaterally as expected by everyone. The probability of consolidation is the highest.)

  

  Let's look at today's market situation. As of the time of writing, the current price of Bitcoin is around 69,400. The daily K-line shows a divergence at the top, standing above the trend indicator EMA, and the support level below has risen to 68,500. The KDJ is forming an upward golden cross and starting to spread (the bull market has not yet finished forming). The MACD and the K-line are forming a divergence trend, with decreasing volume and thickening, and the DIF and DEA are closing at high levels (expected to test the 70,000 barrier again). The Bollinger Bands are slightly rising, and the K-line has stretched above the middle rail at 67,800, with the upper rail reaching 73,000 (it won't reach in the short term, but this level should be monitored).

  

  The four-hour K-line shows that the EMA ultra-short trend is starting to show bullish energy indicators, alternating upward to provide support for the K-line, indicating that the bulls are just starting to exert force (there is good space for a short-term long position). The K-line has reached the upper resistance level of the Bollinger Bands at around 69,600 (indicating that there is resistance above and the possibility of further stretching after a pullback). The support level at the middle rail of 67,500 below can be temporarily ignored. The entry point is above the 68,000 level I mentioned yesterday. The MACD has increased volume and the DIF and DEA have ended their divergence, with the DEA just crossing the zero axis, indicating that the trend still has another wave to go for the short position. The KDJ is still spreading upward, and there is still room for upward movement. The current train of thought is still to go long.

  Operation strategy reference: First entry point for long position: 68,500, second entry point: 68,000, stop loss: 67,500 (specifically, set the stop loss 500 points below the 68,000 level to prevent manipulation and washout by the main force). I am not currently providing a short entry point because the bull market is strong, and the risk of shorting is greater than the potential returns. It's better to go with the trend. First exit point for long position: 69,800, second exit point: 70,500, pay attention to the upper vacuum zone (changes in the 70,500 and 71,300 range). Specific operations should be based on real-time market data. More information details can be consulted with the author. The article is published with a delay, and it is recommended for reference only. Please bear the risk responsibly.

  This article is exclusively provided by the Coin Circle Academician and represents the exclusive views of the academician. He has conducted in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Please bear the risk responsibly. Reprinting should indicate the source. Please control 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 make a mistake, you should summarize where your own problems lie, and don't let the profits that should have been in your hands 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. It's not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Coin Circle Academician wishes you a pleasant investment!

  

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