Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment path, it is more important to do well on your own than to prove your strength to others. Whether it's a mule or a horse, you'll know once you take it for a walk.

As a senior figure in the cryptocurrency 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 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!

The bubble is getting bigger as each of the three major stock indexes hit new highs one after another, regardless of whether it's gold, US stocks, or Bitcoin, all are breaking historical highs simultaneously. This is a situation that has never occurred before. Therefore, a new round of short selling started with the release of US stock earnings reports, coupled with the latest news of Iran's attack on Israel. If gold doesn't rise, who will?

Overnight, just one trading day has passed, and the gold bulls immediately "showed their colors", with the spot gold price settling at over $2370 on Thursday. And in the Asian session on Friday, an even more intense "offensive" is still ongoing. The ugly side of global capital is gradually being revealed, especially the targets of harvesting. Can the cryptocurrency circle escape? The answer is no. Look, the overall market has been supporting, and once it breaks, it will be a big short.

Cryptocurrency Academician: Bitcoin (BTC) Latest Market Analysis as of April 13, 2024

As of the time of writing, the current price of Bitcoin is 68200. It's almost two o'clock in the morning now, and I hope that many people can sleep peacefully after this round of price drop. At least we can sleep soundly, after all, the short position has just been closed. Yesterday's strategy, I believe everyone has seen the layout of shorting above 71000, closing the position at 70000, and then entering long positions near 69000, with a stop loss at 68500. The stop loss was triggered at 1:21 am as it dropped below 68500, and then a short position was taken to profit at 67400.

I believe everyone should understand why I always remind everyone to set stop losses in my content. The market cannot always follow the trend 100%. So, setting stop losses when the market reverses can help remedy the situation. Just like setting a stop loss at the low point today and then shorting when it breaks the support, isn't it timely? Losing 500 points in exchange for a 1000-point space.

Looking at the current market trend, the daily K-line closing with a bearish trend is a certainty, the bears are attacking, and the K-line has already reached the standing position of the trend indicator EMA30 at 67650. A virtual breakthrough is normal. KDJ achieved a bearish signal with a downward crossover on the 11th, but it was overshadowed by other indicators. MACD is decreasing, and this time there is no sign of increased capital from the main players. DIF and DEA are spreading downward from high levels, and the divergence at the top is still present. The midline support of the Bollinger Band at 69100 has been broken and has become the current resistance level, while the lower band is still rising. It is expected that the short position should focus on the lower band support at the psychological level of 66000. If it breaks, the bearish trend will continue. The most stable strategy is to maintain the idea of continuing to short on the pullback.

The four-hour ultra-short trend can also be seen. The K-line has already broken through the EMA trend indicator at 68500, so it's appropriate to go short with the trend. Currently, KDJ is trending downward with an open mouth, and MACD suddenly ends with a volume increase, and DIF and DEA also show a downward crossover and begin to decrease in volume. Therefore, DIF is likely to fall below the 0 axis. The lower band support of the Bollinger Band at 68500 has been broken. In the situation where the bearish trend is forming, the main focus should be on short positions, with temporary long positions (a high probability of a washout, so it's best to observe and be cautious).

In terms of strategy, it is recommended to short with the current price: the first target below is 66000, the second target is 65000, and the stop loss is at 68500. For long positions, the first entry point to watch is 64500, the second entry point is 65000, the first exit point to watch is 66000, the second exit point to watch is 66600, and the stop loss for long positions is 64000 (500 points below the low of the 3rd). 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. Please bear the risks responsibly.

This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. The views and suggestions on BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Reprinting requires attribution. Please control your positions reasonably and do not over-leverage or go all in. The academician also hopes that all investors understand that the market is always right. If you make a mistake, you should reflect on 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 investing. When the trend comes, follow it; when there is no trend, observe and wait. It's not too late to act after the trend becomes 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 losses and taking profits for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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