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Coin Circle Academician: October 8, 2024, the latest analysis of Bitcoin (BTC) market.

The current price of Bitcoin is 63,600, the highest daily candlestick reached 64,500, the lowest 62,650. It is now 2 am Beijing time. Yesterday's article also mentioned this time, directly stating to add positions for longs as long as the neckline support is not broken on a pullback. Just hold on as long as the neckline support is not broken. Don't think about taking profits at the highest point, only take profits at pullback points. Only by developing this habit can one survive in this circle for a long time. Although we entered long positions around 60,000, there were opportunities to buy in at 61,500, 62,500, and 63,000. Regardless of the entry points, one must make rational precautions.

　　

Let's look at the market situation, the current daily candlestick trend has already broken 6,330.Support level.After standing on the EMA15 trend support point of 62550, it has been stretching out continuously.MACDThe shrinking volume and increased funding show a top deviation trend. The DIF and DEA failed to break through the 0 axis line from high positions downwards, with the bulls winning. The Bollinger Bands are contracting, with the upper rail focusing on 66300 and the middle rail shifting from resistance to support at 63200.KDJThe golden cross trend is forming, the overall trend is still bullish, so you can get on the bus at the key support level of 63000, be prepared to defend, and leave the rest to time.

　　

The four-hour candlestick has entered an ascending channel, with the EMA15 support point reaching 62800. The key support can continue to look down to 62500 and the vacuum area below. As long as the overall trend remains unchanged, you can buy on the dips. The MACD volume is moving upward, and the DIF and DEA will end the divergence and enter above the 0-axis line after the large cap breaks 63500. The candlestick is focusing on not closing below 63750 and is diffusing upward, while watching the key support at 62500 in the middle rail. The strategy still emphasizes buying on the dips as the primary approach, with short positions as secondary.

Short-term thinking reference: Since the market is not 100%, it is necessary to set a stop loss for safety first. The goal is to minimize losses and maximize profits.

Short between 65000 and 65500 above, defend between 66000 and 66400 with short positions, target between 64000 and 63500. If broken, target 63000 to 62500, with a stop loss of 500 points.

Long between 62000 and 62500 below, defend between 61200 and 61500 with long positions, target between 63000 and 63500. If broken, target 64000 to 64500, with a stop loss of 500 points.

Specific operations are mainly based on real-time data of the large cap. For more news details, you can consult the author. There may be a delay in the release of articles, so it is recommended to use it for reference only and bear the risk yourself.

This article is exclusively contributed by the Peking Academy of Coins, representing the exclusive opinions of the Academy. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc., due to the timing of article push, the above opinions and suggestions are not real-time and are for reference only. Bear the risk yourself, and please indicate the source when reposting. Reasonably control your positions when trading, avoid heavy or full positions. The Academy also hopes that all investors understand that the market is always right. If you're wrong, reflect on your own issues, and don't let the potential profit slip away. There's no need to be smarter than the market in investing. When the trend comes, follow it; when there's no trend, observe it and stay calm. Wait for the trend to clarify before taking action. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, the market rewards trust, the industry rewards precision, and art rewards dedication. Gains and losses come unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade and may the Peking Academy of Coins wish you a pleasant investment!