Cryptocurrency Academician: On May 16, Bitcoin focuses on the early morning pullback in the Asian market to build momentum, while the European and American markets may become the breakout point for bulls. Latest market analysis reference.

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4 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 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 stay in the game. 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.

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Crypto Circle Academician: May 16, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 104,000. It is now a little past 1 AM Beijing time. After probing the bottom, there was a pullback. The real-time stop-loss point I provided at 101,200 was almost hit. Some friends were stopped out at 101,500. Once stopped out, it’s better to miss out than to make a wrong move. If you haven’t been stopped out, you can hold on with peace of mind and wait to take profits at the designated position.

Looking at the daily K-line, it has pulled back after a spike and has returned above the Fibonacci support level of 0.786 at 102,300. The support from the lower Fibonacci levels is effective, and the bulls continue to gain strength. The EMA15 trend line has reached 100,500 and is still pushing up. The bullish trend continues, with MACD showing a top divergence and the K-line stretching upwards. DIF and DEA are contracting, and the Bollinger Bands upward channel remains unchanged. The upper resistance level for the bulls has reached 107,000, while the middle band is still below 100,000.

The four-hour K-line has continuously tested the lower support at 101,500, forming a double bottom structure. Coupled with three consecutive bullish indicators on the four-hour chart, bulls can hold on with confidence and continue to stretch. MACD has been reducing volume continuously, and after DIF and DEA approach the 0 axis, a trend reversal occurs, indicating that bullish momentum is dominant. After the K-line broke below the lower Bollinger Band at 101,500, it pulled back upwards and broke through the middle band at 103,000, starting to challenge the upper band at 104,700. After the market completes its movement, we can consider whether to go short; for now, we focus on the long side.

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. If you need to stop-loss, do it; don’t hold onto losing positions.

For long positions, the trial entry point is between 102,000 and 101,500, with a stop-loss at 101,000, risking 500 points, targeting 104,000 to 104,500, and if broken, looking at 105,000.

For short positions, the trial entry point is between 105,000 and 105,500, with a stop-loss at 105,800, risking 500 points, targeting 103,000 to 102,500, and if broken, looking at 102,000.

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 over-leveraging 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 your mistakes lie. Don’t let the profits that should be yours slip away. There’s no need to be smarter than the market; when a trend comes, respond to it; when there’s no trend, observe and remain calm. It’s 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 happen 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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