As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people will take fewer detours and make fewer mistakes in this market. Although I have been earnestly advising, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Strength does not need to be overly displayed; the key is to gain more recognition from others. On the investment path, it is more important to do well than to prove one's own strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.

I am a warrior striving to protect the "leeks" in the cryptocurrency circle, and I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Cryptocurrency Academician: Bitcoin (BTC) latest market analysis as of 2024.5.5:

Let's review the actual situation from yesterday first. Based on the article updated after 2 am on May 4th, everyone should know about the short layout at 62,000, with a stop loss at 62,300. After being stopped out around 4 am, a long position was taken with a profit at 63,500. After reminding at around 9 am to take profit, I was able to relax and enjoy the May Day holiday. Several consecutive short-term actual battles won a 2300-point space.

As of the time of writing, we can see that the current price of Bitcoin is around 63,400, while the weekly opening price is 63,125. The current market is near the point of transition between positive and negative. A very long lower shadow has appeared on the weekly chart, and many coin friends and traders have started to go long. The cryptocurrency academician reminds everyone that fearless long and short positions in contracts are both opportunities. Do not stick to one direction all the time. After three consecutive positive daily K-lines, resistance was encountered at 64,500, which happens to be the highest point of the trend indicator EMA30. Every time the EMA30 is at its highest point, the market will show a one-sided trend. This can be used as a reference to wait for the best entry point. After KDJ opens upwards, the MACD volume shrinks and then starts to rise in volume. DIF and DEA formed a golden cross near 62,500, and the empty space retraced to the middle of the Bollinger Band at 63,300. In the short term, you can lay out a short position near 62,500, with a small space for a short position.

Are you long or short on the four-hour chart above? Correct, if the pressure level is not broken, start laying out short positions. The effective pressure above the four-hour K-line is 63,900, and the short position continues to hold, with a profit at 62,800 to 62,500. Currently, although the K-line is blocked by the EMA120 trend indicator near 63,250, there is always the possibility of further probing downwards. Therefore, look at the support points of 62,600 and 62,000 below. KDJ is short-term blocked at 63,900 and starts to spread downwards, and the overall trend has not turned bullish. The mindset remains unchanged for short positions. The MACD volume starts to decline, and DIF and DEA are closing at a high level, coupled with the K-line leaving the upper rail of the Bollinger Band, with support at 61,000. The mindset remains primarily short and secondarily long.

Specific operational suggestions are as follows:

For short positions, pay attention to the entry point. The pressure level above remains unchanged at 63,900 to 64,300. (Those who have not entered can go short at 63,400 with the trend). The exit target is 63,000 and 62,000. If broken, look at the support near 61,500, with a stop loss of 400 points. (The main purpose of the main force washing the plate back and forth is self-evident. To avoid being washed out, strictly adhere to the five major principles of contract trading to reduce the error rate.)

For long positions, focus on the entry point of 62,500 to 62,000. If the defense at 61,500 is not broken, you can add to the position. If broken, stop loss and exit. It depends on the changes in the market. The exit point refers to the range of 63,000 to 64,000, and you can freely take profit.

The specific operational mindset is mainly based on market data. For more information, please consult the author. The article is published with a delay, and it is recommended for reference only. Take responsibility for your own risks.

Adhere to five principles of contract trading: limit to one to three orders per day, do not operate frequently

The first: it's better to miss than to make a mistake

The second: never overdraw your trades

The third: learn to wait for opportunities with an empty position

The fourth: protect your capital first, then think about profits

The fifth: learn to review and summarize patterns

In simple terms: do not open a position until the point is reached, do not open a position until it is broken through, do not open a position until a signal is seen, do not open a position until a stop loss point is found, do not open a position if the stop loss point is too large, do not open a position if it is not a key point. You can take profit manually, but make sure to set a good stop loss.

This article is exclusively provided by the cryptocurrency academician and represents the academician's exclusive viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions do not have real-time relevance, and are for reference only. Take responsibility for your own risks. When reposting, please indicate the source. Reasonably control your positions for trading, and do not over-allocate or go all in. The academician also hopes that all investors understand that the market is always right. If you make a mistake, you should summarize your own problems and not let the profits that should have been in your hands slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are both in the blink of an eye. Develop the habit of strictly setting stop loss and take profit for each trade. The cryptocurrency academician wishes you a pleasant investment!

Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comments section are not related to the author. Please discern carefully, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。