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 people will take fewer detours and make fewer mistakes in this market. Although I advise earnestly, 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!

[The "Number Two Figure" of the Federal Reserve's Monetary Policy: No Need to Adjust Interest Rates in the Short Term, the Task of Reducing Inflation Has Not Been Completed] On Thursday local time (April 11th), John Williams, President of the New York Federal Reserve, stated that the Federal Reserve has made "tremendous progress" in balancing inflation and employment goals, but policymakers have not completed the task.

Coin Circle Academician: Bitcoin (BTC) Latest Market Analysis Reference for April 12, 2024

Yesterday afternoon, the suggestion to short Bitcoin at 71,000 was made, and when it finally fell to around 69,500 in the evening, it was already late at night. Originally, it was anticipated that there would be a bearish news wave last night at 8:30, but the actual impact was minimal, so I had to reluctantly exit early and take a 1,500-point short position (the average number of initial jobless claims in the United States is 21.45).

Looking at today's market situation, as of the time of writing, the current price of Bitcoin is 70,300. The upper pressure zone is once again around 71,500, but the focus on the lower space is at 69,500. It is obvious that the lower space is larger. The main strategy can be to short on rallies. After the opening at 8 o'clock in the morning, Bitcoin opened lower and then rose to the EMA trend indicator. It has been hovering near the EMA10 for 9 consecutive days, which is the 70,000 integer mark.

The downward trend formed by KDJ, unless the market reverses and breaks through 71,500 today, this trend will continue (the bearish indicator is contracting), the MACD volume is shrinking, and the DIF and DEA have not successfully converged at high levels several times, but the momentum has been building up. The Bollinger Bands are contracting, the upper pressure level has shifted from 73,000 to the current 72,500, the support point has shifted from 63,000 to the current 66,000, and the middle track support has shifted from the original 68,000 to the current 69,200. This kind of trend has appeared many times, with each period of consolidation followed by a contraction of long and short positions, and then a cycle of washing the market (it is not expected to see large fluctuations in the trend that has just formed within the day).

The four-hour K-line has been above the EMA trend indicator, standing at the 10 and 15 indicators (the energy-intensive area near the 70,000 mark). KDJ is forming a downward alternation (the bearish indicator is forming), the MACD volume is increasing to prevent a bearish outbreak, and the DIF and DEA are spreading downward from high levels. It can be clearly seen that if the 71,300 pressure level is not broken, it will be difficult for the bulls to fully open. The trend of the four-hour Bollinger Bands is somewhat similar to the daily Bollinger Bands trend but also different, as the high-level pressure has shifted from 72,500 to 71,500, and the middle track exchange point has shifted from 70,500 to 70,000. Only the bottom support at the lower track has not changed and has always been too high, with attention to 68,500 below.

Specific strategy reference:

First entry point for long positions: around 69,300, second entry point around 68,600, stop loss for long positions around 68,400

First entry point for short positions: around 70,900, second entry point around 71,500, stop loss for short positions around 72,000 (further away from the 71,500 pressure level)

Whether long or short, there are intervals, and it is not necessary to wait for specific points to layout. It is necessary to look at the current pressure range in the market, and you can choose to enter early or delay. Specific operations should be based on real-time data in the market. For more information, please consult the author. The article is published with a delay and is recommended for reference only. Please bear the risk responsibly.

This article is exclusively contributed by the Coin Circle Academician and represents the exclusive views of the academician. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Reprint with proper attribution. Please control your positions reasonably and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems. 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 is 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 blink of an eye. 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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