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.

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 hard together!

Cryptocurrency Academician: July 24, 2024 Bitcoin (BTC) Latest Market Analysis Reference

Bitcoin's market performance was relatively weak yesterday, with two consecutive bearish daily K-lines, breaking below the previous low. As of the time of writing, the highest point was near 67,800, and the lowest point was near 65,400. It is currently at the key support point of around 65,000 for the bulls, with the EMA15 trend indicator support point at 64,000. The overall trend is biased towards the bulls, but it cannot resist technical pullbacks. The KDJ is spreading downward to form a dead cross, and after the Bollinger Bands diverge, the daily K-line is pulling back downwards. Pay attention to the middle rail support point of 61,500. The MACD volume has decreased, and the DIF and DEA have ended their divergence and started to contract.

After the four-hour K-line broke below the EMA30, the fast and slow indicators started to contract, the KDJ spread downward, and the Bollinger Bands also started to open downward. The K-line broke the lower support of the Bollinger Bands at 65,800. The MACD volume decreased, and the DIF and DEA started to approach the 0 axis. Whether the top divergence can end depends on whether the support point near 65,000 is strong enough. The suggested strategy is to short at the retracement of the upper pressure level.

Short-term strategy reference:

Short at 67,000 to 67,500, with a stop loss of 500 points, and the exit target is 66,000 to 65,000 (assuming that if the market situation changes suddenly, you should exit the position and observe, so it's better to be safe first).

Long at 63,300 to 63,600, with defense at 62,500 to 62,300 for additional long positions, and the target is around 64,500. If the position is broken, look at 65,000, with a stop loss of 400 points.

Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay, so 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 for 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. Control your positions reasonably, and do not overexpose or fully expose your positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems. Do 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 is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The way of heaven rewards hard work, the way of earth rewards kindness, the way of people rewards sincerity, the way of business rewards trust, the way of industry rewards precision, and the way of 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 trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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