The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading mindset, continuously optimize and improve it. The advice from the cryptocurrency circle's academician may not make you rich overnight, but it can ensure that you always have a chance. Only those who survive in the cryptocurrency circle for the long term and persist until the end can achieve the results they desire. I hope you can understand.

The secret to trading is patience. It is purposeful. When trading trends, wait for the pullback. When trading oscillations, wait for the high and low points. When seizing rebounds, wait for the volume surge. When trading breakouts, wait for the pullback. Bottom fishing is waiting for a reversal.

I am a warrior who has always protected the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Circle Academician: Bitcoin (BTC) Latest Market Analysis Reference for June 28, 2024

Let's review yesterday's trading. Most people went long in the 60700 range and finally closed at 62000. Originally planned to close at 62500, but due to the highest market price hitting 62400 and then falling back, it was prudent to secure a 1300-point space. Currently, waiting for an opportunity with an empty position, waiting for signals, waiting for the best entry point.

Now let's take a look at the current market situation. As of half past midnight, the current price of Bitcoin is around 61600. The daily K-line has been hovering around the EMA150 balance point at 61200 for four consecutive days, reaching a high of 62400 and a low of around 60600. It has been consolidating for four consecutive days, with both long and short positions being compressed. However, the overall trend is still bearish. As long as it does not break the major resistance level, the bearish trend will continue. The KDJ is spreading upwards, the Bollinger Bands are opening downwards, and the daily K-line is moving away from the lower support level of 60000. The MACD has been shrinking in volume for three consecutive days, and the DIF and DEA are spreading downwards, indicating that the overall trend is still strongly bearish. Be cautious and prioritize safety.

The four-hour K-line has formed an ascending triangle wave trend, breaking the EMA30 once virtually. Once the resistance level of 62000 is broken, the next focus will be around 63200. The KDJ is spreading upwards, and after the Bollinger Bands contract, the K-line has reached around 62400 near the upper Bollinger Band. A short-term trend extension cannot be ruled out. The MACD is showing increased volume, and the DIF and DEA are forming a bottom deviation upward trend, which is favorable for short-term long positions. However, there is risk due to the market consolidation and the compression of both long and short positions, so do not rush to enter the market.

Short-term strategy reference:

For short positions, consider entering the 63300 to 63500 range, defend at 64300 to 64500, add to the short position, stop loss at 400 points, and target the 62500 to 62300 range as the first goal and the 61300 to 61500 range as the second goal.

For long positions, consider entering the 61000 to 60700 range, with a stop loss of 400 points, and target around 62000 for profit-taking.

A little off-topic: Stop loss does not mean loss. This is a phrase that most traders do not understand. It is just normal wear and tear in trading. Stop loss is normal in trading, just like the wear and tear of machines in a factory when producing valuable goods. Those who do not use stop loss will eventually lose. Therefore, always develop the habit of using stop loss under any circumstances. No one will blame you for using stop loss. Do not trade frequently. I hope you can understand. I wish you a successful trading.

Please refer to real-time market data for specific operations. For more information, please consult the author. The article is published with a delay and is recommended for reference only. The author of this article is the exclusive contributor, representing the exclusive viewpoint of the academician. Due to the timing of the article's release, the above opinions and suggestions are not real-time and are for reference only. Please bear the risks. When reposting, please indicate the source. Manage 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 reflect on your own problems and not let the potential profit 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 is 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 strict habit of using stop loss and taking profit for each trade. The academician wishes you a pleasant investment!

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