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 of the cryptocurrency academician may not make you rich overnight, but it can ensure that you always have support. 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 of trading is to wait. 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 making breakthroughs, wait for the pullback. When probing and bottom-fishing, wait for the reversal.

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

Cryptocurrency Academician: Bitcoin (BTC) Latest Market Analysis Reference for July 1, 2024

Reviewing the reference points given in the previous article, Bitcoin was over 60,700, with the target of 62,000 to take a 1,300-point space. The approach was indeed more aggressive, and the cautious ones were still observing. This wave was only captured by the more radical ones. Now let's take a look at today's market situation.

As of the early morning before the article was published, the current price of Bitcoin is near 61,800. The daily K-line has rebounded to the weekly resistance level near 62,000, indicating that it will be difficult to break through 62,500 in the short term. After all, the EMA trend indicator shows strong alternating downward momentum, and it is not as easy as imagined for the bulls to regain control. After the KDJ upward divergence and the Bollinger Bands contracted, the K-line left the lower support and began to surge upwards. The MACD has been increasing in volume for 6 days, and this wave of increased volume for six days did not lead to an upward trend. The bulls have been accumulating momentum, and we will have to wait and see if this wave of momentum can push above 63,300.

The four-hour K-line has formed a W-shaped bottom, and the K-line has started to challenge the EMA60 resistance level at 62,500. The KDJ is showing upward strength, the Bollinger Bands are contracting, and the K-line has been consolidating around the upper rail at 62,000. The MACD is increasing in volume, and the DIF and DEA are starting to challenge the upper 0 axis line. The short-term bullish trend is quite obvious. (Most market signals could be traps, so be sure to take precautions to ensure the safety of your principal. Never have any illusions at any time. As long as you are not decentralized and eliminated, even if everyone in the comments scolds me, I have no complaints.)

Short-term strategy reference:

For short positions, consider entering the 63,300 to 63,500 range, defend at 64,300 to 64,500, add to the short position, stop loss at 400 points, and the exit target is 62,500 to 62,300. The second target is to capture the 61,300 to 61,500 range.

For long positions, consider entering the 60,000 to 59,800 range, defend at 58,500 to 58,700, add to the long position, stop loss at 400 points, and the exit target is 61,300 to 61,500. The second target is to capture the 62,000 to 62,300 range.

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 it is recommended for reference only. Please bear the risks.

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 based on in-depth research. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Please bear the risks. When reposting, please indicate the source. Reasonably control your positions when trading, and avoid heavy or full positions. The academician also hopes that all 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 profits 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 be patient. It's never 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-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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