Crypto Circle Academician: On May 3, Bitcoin stands at the golden ratio, short-term bulls are ready to strike! Is there still hope for trapped short positions? Latest market analysis reference.

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1 day ago

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.

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Crypto Circle Academician: May 3, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 97,500. It is now 3 AM Beijing time. The daily K-line has already broken through the golden ratio line at 0.618 and has reached the top of the ascending flag pattern. At this time, many crypto friends are trying short positions because the larger trend has entered an extreme overbought state with signs of a reversal. The main force may sell at any time, but the capital giants are hoarding Bitcoin. Without any positive stimulus, there is indeed a high probability of a pullback. Before that, it is expected that the main force will quickly push up one wave before selling, so do not rush. The current market is not suitable for retail investors to enter. Stay in cash and observe to protect your holdings and survive.

The daily K-line has reached a high of 97,850 and a low of 96,300. The EMA trend indicator is still showing an upward alternating expansion trend. The MACD is showing a top divergence with an upward increase in positions. The DIF and DEA are expanding upwards, and the K-line is stretching upwards above the golden ratio line. The Bollinger Bands are opening upwards, with the upper band reaching 100,300 and the lower band still at the 90,000 mark. There is a gap of 10,000 points in between.

On the four-hour K-line, the ascending flag pattern is present. The top resistance level to watch is the pressure zone above 98,500. The EMA30 support level is at 95,300. The MACD is continuously increasing in volume, with the DIF and DEA showing a golden cross and expanding upwards. The K-line is expanding upwards around the upper Bollinger Band at 97,900, with the middle band at 95,600. The overall trend has entered a bullish level in the short term, and there is still space for short-term longs. It is temporarily recommended to mainly observe.

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, especially when breaking key resistance and support levels. Stop losses should be executed without hesitation.

For northern entry points, try positions at 95,500 to 90,000, with a defense at 94,500 and a stop loss of 500 points. The target is 96,500 to 97,000, with a breakout target at 97,500.

For southern entry points, try positions at 98,500 to 99,000, with a defense at 99,500 and a stop loss of 500 points. The target is 97,000 to 96,500, with a breakout target at 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, so the suggestions are for reference only, and risks are to be 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 to be 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!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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