Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment path, it is more important to do well on your own than to prove your strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.

As a senior figure in the cryptocurrency 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 advise earnestly, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Cryptocurrency Academician: September 2, 2024 Bitcoin (BTC) Latest Market Analysis Reference

It is now midnight Beijing time. After breaking the previous low, Bitcoin has returned to around 58,000. Currently, the trend in the market has formed a bottom consolidation pattern. The EMA trend indicator is still spreading downward, the MACD is decreasing, and the DEA and DIA have entered the energy indicator to conceal their intentions. The Bollinger Bands are consolidating horizontally, and the K-line has entered a box. The midline pressure point is at 60,150, and the lower support point is at 56,150. The KDJ has spread downward to -1.48. Although the market trend is bearish, the bullish momentum is starting to strengthen.

Now let's look at the four-hour market. After the four-hour K-line closed, it formed a hammer line, with a long lower shadow reaching 57,200 and rebounding to above 58,200. The upper resistance is at 58,800 and 59,400. The MACD bottom deviation is expected to end soon with the rebound. This wave will focus on whether the EMA30 trend indicator pressure point can be effectively broken. The KDJ has formed a golden cross, and after the lower rail lured the short position to break, it started to pull up. The main force will most likely stretch upward to test the upper pressure point. In terms of strategy, you can pay attention to the following:

Short-term strategy reference: Since the market is not guaranteed, it is important to set a good stop-loss. Safety comes first, and small losses lead to big gains.

If the upper level of 59,200 to 59,500 is not broken, go short with a target of 58,500 to 58,000.

If the upper level of 59,200 to 59,500 is broken, go long with a target of 60,500 to 61,000.

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. Please bear the risks responsibly.

This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Reprinting requires attribution. Please 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 reflect on your own issues and not let the potential profit 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 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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