As a senior figure in the currency 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 am earnest in my advice, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

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

Currency Circle Academician: May 9, 2024 Bitcoin (BTC) Latest Market Analysis Reference:

First, let's review. The layout point for Bitcoin's spot operation yesterday was long in the range of 62300 to 62500, with a stop loss at 62000. The lowest point of the daily K-line has already fallen below 61800. Although it has returned to around 62700 during the day, there was no long position established, but a change in strategy to short in the range of 62300 and 62500. The target is to look at the support in the range of 61500 and 61100. If it doesn't break, then exit above 61000. You can pay attention to and refer to this.

As of the time of writing, the current price of Bitcoin is around 62650. The overall trend has reached the vicinity of the upward pressure level. It can be seen that there is strong pressure near this position. The overall trend has changed from long to short. The daily K-line has fallen below 62000. Below, pay attention to the support of the trend indicator EMA90 at 61100. KDJ is closing downward, MACD is increasing in volume, but DIF and DEA are hindered by the resistance at the 63000 level. The Bollinger Band's midline pressure level is 63300, and the lower support line is at 59300. Can it transition into an "n" shape?

The four-hour K-line is hindered by the pressure of the trend indicator EMA60 at 62700. It can be seen that there is a lot of momentum concentrated in the range of 62700 to 63000. The upward resistance indicates that the pressure near this position is effective. The KDJ line has formed a golden cross, and the MACD has decreased in volume. DIF has fallen below the 0 axis, indicating that there is still room below. The short selling strategy remains unchanged. Pay attention to the support at 61900 of the lower Bollinger Band. The overall trend is in the bottom-building stage. The strategy is mainly short and supplemented by long.

The specific operational strategy is mainly based on the market data. For more information, please consult the author. The article is published with a delay, and it is recommended for reference only. The risk is self-borne.

This article is exclusively contributed by the Currency Circle Academician and represents the exclusive views of the academician. There is 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. The risk is self-borne. Please indicate the source when reposting. Control the position of the order reasonably, and do not over-allocate or fully allocate. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems, and do not let the expected 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 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 order. The Currency Circle Academician wishes you a pleasant investment!

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