The essence of trading is survival, followed by 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 cryptocurrency community may not make you rich overnight, it can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

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

Cryptocurrency Community Expert: December 18, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 106,500. It is now 4 AM Beijing time. The main force has not shown a deep pullback; instead, it is consolidating at a high level. The daily K-line's lowest point is 105,650. The maximum short position trial above 108,000 has already opened up more than 2,000 points. With the larger trend unchanged, all pullbacks should be treated as traps for shorts. So don't be greedy; you shouldn't hold for too long. Securing a profit of 2,000 points is sufficient.

Looking at today's market, the daily K-line has once again stretched and broken historical records, reaching a high of 108,355. The bullish candlestick has been strong, and with the dual positive news, it can be said that many hands make light work. The EMA15 trend support has reached 101,000, and the EMA30 trend support key point has also reached the 97,000 mark. The MACD top divergence is becoming increasingly severe, with continuous volume increase, and the golden cross trend of DIF and DEA. The Bollinger Bands' upper band has expanded to 106,000, and the K-line has been out of track for three consecutive days. The market greed index has reached a high of 87.

On the four-hour K-line, there have been long upper shadows continuously, which does not rule out the possibility of the main force taking profits. Therefore, short positions can be trialed above 108,000, with targets referencing EMA15 quick line support at 105,500 and EMA30 key support at 104,000. The MACD volume has decreased, and the high-level contraction of DIF and DEA has formed a bearish dead cross. Conservative traders can wait for a bottom test before primarily going long. After all, with the larger trend being bullish, the risk of going short is greater than the potential reward.

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

Short position trial points: 108,000 to 108,500, with a stop-loss at 109,000, risking 500 points. Targeting 106,500 to 106,000, with a breakdown looking at 105,500 to 105,000.

Long position trial points: 105,000 to 104,500, with a stop-loss at 104,000, risking 500 points. Targeting 106,000 to 106,500, with a breakdown looking at 107,000 to 107,500.

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 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 heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where your issues lie. Do 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 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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