The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you stay in the game. Only those who survive in the cryptocurrency space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

I am a warrior in the cryptocurrency community, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Cryptocurrency Community Expert: December 12, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 100,500. It is now 3 AM Beijing time. Let's review yesterday's short position at 97,800, which was finally closed at 96,500. I initially wanted to see if it would break the previous low and challenge the 90,000 mark. However, after the main force pulled back to 94,000, it did not go down further and started to pull back up, showing a morning star bullish indicator. The head and shoulders bottom trend is uncertain if it has really formed, so I entered a short position at 98,000 with a stop loss at 98,500. I eventually exited with a small loss, only capturing 700 points in total from the two trades, which is better than nothing. I am currently holding a position after entering at the descending trend line of 97,800.

The larger trend has not ended, but the bearish trend is too strong to determine if it is a true vacuum or a false signal. Therefore, when reaching a clear resistance level, one must enter the market. It is evident that we stopped out of the short position at 98,000. It’s okay to make mistakes; I often say that the essence of trading is to use our validated system to wait for entry signals in the market. If it meets the criteria, we execute the trade. After entering, we set stop losses according to the system's requirements. If we incur a loss, we protect our capital; if we are right, we hold the position. Through repeated deliberate training, probabilities and results will emerge.

The daily candlestick has rebounded upwards, reaching a high of 101,100 before publication and a low of 95,660. The bullish trend remains unchanged, with MACD showing reduced volume and increased positions. DIF and DEA are still at high levels, and the Bollinger Bands are still in extreme contraction. The candlestick has rebounded to challenge the upper resistance level of 101,675. The four-hour candlestick shows a head and shoulders bottom pattern that has broken the EMA trend indicator at 98,300, once again standing at a high level. The EMA trend indicator has returned to a bullish trend, with MACD showing increased volume and positions, and DIF and DEA forming a golden cross trend. The candlestick is currently below the upper Bollinger Band at 101,350, indicating strong resistance. The main force has formed a strong pressure zone at 101,500 multiple times. When shorting, be sure to set a stop loss, and do not chase long positions for now. Wait for a pullback to support before starting to position for long.

Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big gains are the goal.

For the upper range, short from 101,500 to 102,000, with a stop loss at 102,500 to 103,000, risking 500 points, targeting 101,000 to 100,000, and if broken, looking at 99,000 to 98,000.

For the lower range, long from 98,000 to 97,500, with a stop loss at 97,000 to 96,500, risking 500 points, targeting 99,000 to 100,000, and if broken, looking at 101,000 to 101,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid over-leveraging or full positions. The expert also hopes that all investors understand that the market is always right. If you make a mistake, you should summarize where you went wrong and not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend arises, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

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