The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and if 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 26, 2024 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 99,200. It is now 4:30 AM Beijing time, and the market is still operating according to the expected plan. Approaching 97,000, it broke through 99,000. The first target set at 99,500 has had half of it taken off the table. As of the time of writing, the daily candlestick's highest point is 99,400, so it has not yet reached the first target and is currently held. This slow stretching market in the midst of fluctuations is expected to continue, so while you can sell down at high positions, do not sell all the chips that are moving up. Look for opportunities to take some profits while keeping the rest to see the previous highs.

Currently, the daily candlestick's lowest point is 97,600, and it has not broken below 90,000. The bears have not completely opened up, which also does not mean that the bulls have opened. The current market can only be characterized as a high-level sideways movement. However, from the price of Bitcoin, the fluctuating market also belongs to a wide range of fluctuations, with movements in the thousands of points. Therefore, there is profit space, and it is not small, especially as the daily candlestick has reached the highest point of the EMA trend indicator and is moving sideways. The MACD is shrinking, increasing the organization of DIF and DEA, which have fallen into the 0 axis line and continue to expand at high levels. The Bollinger Bands' sideways channel has opened, and the candlestick has pulled back to below the middle track of 99,800.

The four-hour candlestick shows an ascending flag pattern. Pay attention to the pressure at the previous high of 99,500. If it breaks, the flag pattern will break out, and the bulls will start a new round of market movement. The MACD is expanding, with DIF and DEA pushing upwards towards the 0 axis line. Coupled with the opening of the Bollinger Bands, the upper track has broken 100,000, reaching 100,350. If the bulls continue to exert strength, the previous high can be used as a shorting exchange point. If it breaks, follow the upward trend; if it does not break, reverse and sell down. A red heart with two hands prepared, the thought process is as follows:

Short-term thought process reference: The market is never 100%, so always set a stop-loss. Safety first; small losses and big profits are the goal.

For long positions, try entry points from 99,400 to 99,800 without breaking down. Set a stop-loss of 300 points, with targets looking at 99,000 to 98,500. If it breaks, look at 98,000 to 97,500.

For short positions, try entry points from 99,400 to 99,800. If it breaks, go long. Set a stop-loss of 300 points, with targets looking at 100,500 to 101,000. If it breaks, look at 101,500 to 102,000.

For long positions, try entry points from 97,000 to 96,500. Defend at 96,000, set a stop-loss of 500 points, with targets looking at 98,000 to 99,000. If it breaks, look at 99,500.

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; 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 are not 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 summarize where the problem lies. Do not let the profits that should be yours fly away. There is no need to be smarter than the market in investing. 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 comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. 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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