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 advice from the crypto circle academicians may not make you rich overnight, it can ensure your continued presence in the market. Only those who survive in the crypto 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 crypto circle, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Crypto Circle Academician: December 13, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 100,888. It is now 3 AM Beijing time. Let's review: yesterday, I entered at 97,800 and exited at 101,500, making a profit of 3,700 points. This is real-time data; you can review yesterday's article. So, where is the new entry point? It is near the 100,000 mark, which is also a significant neckline. Bitcoin is oscillating between five and six digits, exhausting the market's patience. When you lose patience, that is when the main force continues to exert pressure.

The daily K-line U-shaped transition has just ended, with a peak breaking 102,500. It is now starting to pull back to around the 100,000 mark. The EMA15 trend line has continued to rise and has reached 97,850. The trend indicators show no signs of contraction. The MACD is decreasing in volume, and both the DIF and DEA are still forming a divergence trend at a high level. The Bollinger Bands are contracting and moving sideways, with the upper band stopping at 102,100, the middle band at 97,350, and the lower band at 92,500. Compared to the historical high-pressure levels, the bottom has a larger space away from the key support. Be prepared for both scenarios: a push towards the historical high can be a short position, and after a pullback below the previous low, consider entering a long position.

The four-hour K-line is consolidating above 100,000. The EMA15 has reached 99,800. Pay attention to the next trend support point at EMA30, which is at 99,200. If it breaks below 30, long positions can stop out. If it does not break, you can enter a trial position. The MACD is in a volume expansion phase, with both the DIF and DEA entering the high position of the 0 axis. The Bollinger Bands are moving sideways, and after the K-line failed to break the upper band at 102,500, it has pulled back. Watch for the middle band support at 98,600. The KDJ is showing a downward crossover, indicating a clear bearish trend, but the larger trend is bullish. Treat this bearish trend as a trap for shorts. Aggressive traders can enter at the current price, but be sure to set a stop loss and not hold positions for too long. Generally, if the short position breaks below the 100,000 mark by 500 to 1,000 points, take profits. After the pullback ends, focus on long positions.

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

For the upper range of 102,000 to 102,500, go short with a stop at 103,000, a stop loss of 500 points, and a target of 101,000 to 100,000. If it breaks, look at 99,500.

For the lower range of 98,500 to 98,000, go long with a stop at 97,500, a stop loss of 500 points, and a target of 99,500 to 100,000. If it breaks, look at 101,000.

For the lower range of 92,500 to 92,000, go long with a stop at 91,500, a stop loss of 500 points, and a target of 93,500 to 94,500. If it breaks, look at 95,500.

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

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. 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 views 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 rationally and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow 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. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

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