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Coin Circle Academician: Latest Bitcoin (BTC) market analysis on 13th October 2024.

Watching the market, in a blink of an eye, it's already 2 AM. Bitcoin is still above the accumulation price of 63,000. Originally planned to exit with a stop loss after breaking 63,500, but it has been lingering below 63,500 without breaking. So holding the short position, target unchanged, defense point set at 63,500, can add to the position when reached, stop loss at 300 points if broken, adjusting the strategy.

　　

Let's look at the market, the highest on the daily candlestick is 63,480, the lowest is 62,500, it has risen by a thousand points, it has been a long time since such a market has appeared on the weekend.MACDAlso shrinking volume increase funding, DIF and DEA high-level contraction did not form the original polarization, the Bollinger Band rules also lost and became the support point of 62820,KDJExpanding upward, these signs all indicate a strong bullish trend, but the pressure at the 63000 level is indeed effective. Since it has reached the designated trading point, a normal layout with good stop loss holding is sufficient.

　　

The four-hour candlestick is continuously shrinking at the 63000 level, showing an upward triangle trend. The EMA trend indicator is contracting, and EMA15 has also reached a high pointResistanceAt 62,300, the MACD volume decreased, the DIF and DEA converged and began to shrink, showing a trend of retracement. The upper resistance point of the Bollinger Band at 63,750 is effective, pay attention to the support point of the middle track at 61,600 below, if it does not break, you can exit the short position here.

Short-term strategy reference: Holding a short position at 63,000, the market is not 100% certain, so always set a stop loss, safety first, small loss big gain is the goal.

Today's strategy

Holding a short position above 63,000, defend against adding to the short position at 63,500, set a stop loss of 300 points, target 61,800 to 61,000, consider 60,500 if broken.

Long between 60,500 and 60,000, add to long positions defensively at 59,500, stop loss of 300 points, target between 61,500 and 62,000, consider 62,500 if broken.

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!