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 crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto 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 crypto circle, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Crypto Circle Academician: December 20, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 96,000. It is now 4:20 AM Beijing time. The main force continues to liquidate long positions. The last long at 99,000 was closed profitably at 102,500. Congratulations to those who shorted at 102,500. After breaking below the previous low of 99,000, it is highly likely to retest the 95,000 rising trend line support point, which is also a point of exchange between long and short positions. Once it becomes a base point, if it breaks down, the short pressure will come. If the range is not broken, then the bulls may have a chance to come back, which is uncertain. Therefore, safety comes first; ensure survival before considering profit.

The daily K-line reached a high of 102,800 and a low of 95,700. The EMA30 trend support point has fallen below 96,950. The next support point to watch is the golden ratio 0.236 support in the range of 94,400 to 95,000, where momentum is choosing direction. The MACD shows a decrease in volume, and the DIF and DEA have formed a dead cross at a high position, beginning to spread downwards. After breaking the middle line of the Bollinger Bands at 99,650, it is now impacting the lower track. Pay attention to the lower track support point of 93,500 as the second trial point for long positions. The KDJ is spreading downwards, and the short position has not yet ended. Aggressive traders can take profits in batches.

The four-hour K-line EMA trend indicator is forming a downward mesh expansion trend. The EMA15 has fallen below the EMA60 indicator at 101,800 and is starting to impact 100,900. Watch for strong pressure at the 100,000 mark. The MACD continues to decrease in volume downwards, with the DIF and DEA falling below the 0 axis, entering a short position. A short position is inevitable. The Bollinger Bands are expanding outward, increasing the distance between long and short positions. The lower track support has come to 97,500, and the K-line has broken below the lower track. The overall trend is starting to revolve downwards around the lower track line, forming a descending channel. The strategy is to wait for a pullback above 100,000 to test short positions; do not trade if the trend does not adjust, but trade when it does.

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

For long positions, trial points are 94,500 to 94,000, with a defense point at 93,500, stop-loss at 500 points, and targets at 96,500 to 97,500. If broken, look at 98,000 to 99,000.

For short positions, trial points are 99,500 to 100,000, with a defense point at 100,500 to 101,000, stop-loss at 500 points, and targets at 98,500 to 97,500. If broken, look at 96,500 to 96,000.

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 reasonably 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 where the problem lies. 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. 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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