As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people can take fewer detours and make fewer mistakes in this market. Although I have been earnestly advising, the path of investment still needs to be explored by oneself. Learning is endless, and the experience gained is the real wealth!

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I am a warrior striving to protect the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Cryptocurrency Academician: Reference to the latest analysis of Bitcoin (BTC) market on April 16, 2024

Looking back at the Bitcoin market yesterday, the layout was short at 66500, and finally closed at 64500, gaining 2000 points. I believe everyone also paid attention to the market yesterday. Later, at 22:50 last night (64300), I went long, and just like yesterday's article, I would sell if it broke 64000. In the end, I stopped out conservatively this time and did not go short again, because the trend of the market was still increasing, and the K-line fell below the support. In addition, the operation was too frequent, and the error rate was too high, so I focused on stability and did not provide new entry points.

Looking at today's Bitcoin market, as of the time of writing, the current price of Bitcoin is around 63500, and the lowest price of Bitcoin yesterday was around 62300. Some students asked if they could have gained 1500 points if they had shorted at 64000 and taken profit at 62500 yesterday (it's easy to say in hindsight, but it's meaningless). The key is the actual result of the battle. The stop-loss point of 64000 yesterday was because the average price of the previous day's K-line was at 64000.

We can see that the daily K-line fell below the EMA60 trend indicator again yesterday. The original bullish trend returned to the consolidation line, and today's opening price is sitting idle at the EMA60 indicator. The KDJ is spreading downward, the MACD is decreasing, the DIF is moving down past the 0 axis and the DEA is forming a two-level differentiation (a sideways indicator). After the Bollinger Bands opened, it has been standing at the lower rail for five consecutive days. Pay attention to the support at 62900. If it doesn't break, you can lay out.

The four-hour K-line fell below the EMA trend indicator from the EMA30 position overnight. The K-line's trend is quite interesting, extending forward like a staircase. The KDJ is spreading downward and is blocked near the 63000 level. The MACD trend reversed to a decreasing volume shortly after, and the DIF and DEA formed a bottom deviation trend at a low level. The Bollinger Bands are narrowing, and the long and short positions are contracting. Pay attention to the support at 62200 below and the resistance at 65100 above. The trend is quite clear, and as long as you don't get greedy, it's easy to grasp.

In terms of strategy, it is recommended to focus on long positions with short positions as a supplement:

For short positions, pay attention to the layout in the 65100 and 64800 range, with a stop-loss point at 65500.

For long positions, pay attention to the layout in the 62500 and 62900 range, with a stop-loss point at 62100.

(For the cautious, focus on long positions, and the upper target is around 66000 and 67000. This range is near the highest point of the daily K-line today. If the trend of low long positions remains unchanged, it can maximize profits. The risk is relatively smaller compared to chasing short positions.)

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 viewpoint. The viewpoints and suggestions on BTC, ETH, DOGE, DOT, FIL, EOS, etc., are not real-time due to the timing of the article's release and are for reference only. Trade at your own risk. Reprinting should indicate the source. 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 make a mistake, you should summarize where your own problems lie and not let the potential profits 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 Cryptocurrency Academician wishes you a pleasant investment!

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