The essence of trading is survival, followed by profit. So, before each operation, think clearly about whether your actions are rational, whether your capital is safe, and you need to form your own trading mindset, continuously optimize and improve. Although the advice of the Bitcoin circle expert may not make you rich overnight, it can ensure that they are always there for you. Only those who survive in the Bitcoin circle for a long time and persist until the end can achieve the results they want. I hope you can understand.

I am a warrior protecting the rookies in the Bitcoin circle, wishing my fans to achieve financial freedom in 2024. Let's work together!

Academician of the cryptocurrency community: Reference for the latest bitcoin (BTC) market analysis on October 18, 2024.

Bitcoin's current price is 67,300. It is now half past eight in the morning Beijing time, with the daily candlestick just closed, encountering a three-day rise as expected.Support level.After 68,400, the support level is effective, as expected, it is not expected to break the previous high in the short term, but defense must still be maintained. The market is entering a consolidation phase at high levels, and those who are short need to endure for the remaining time. Endurance in loneliness can sustain prosperity. It depends on whether everyone can withstand the psychological pressure brought about by the market volatility.

　　

Currently, the daily candlestick opened lower and trend indicators EMA are still stretching upwards. EMA15 has reached 64,700 and will soon hit 65,000, expected to stretch to around 66,000 before stopping. For now, the daily candlestick is mainly pulling back.MACDThere has been no increase in volume, instead there is a decline in funding. DIF and DEA continue to diffuse at high levels, and after continuous resistance from the upper Bollinger Band, the candlestick starts to return inward.Bollinger BandsThe upper resistance reference is 68,300, while the middle support is focused on 63,400.KDJContracting inwards, the trend is forming a sideways slow decline trend.

　　

The slow decline in the four-hour candlestick chart is more obvious, especially after the diffusion of the EMA trend indicator has ended, the performance supported by the EMA15 has been horizontal at 66900, the next support level to watch is at the position of 66600 where the EMA30 is, the MACD top deviation trend continues, decreasing volume remains, the DIF and DEA continue to spread downwards from high levels, the Bollinger Bands are contracting, the upper support level is at 68450, the lower support level is around 65400, the short-term bearish sentiment remains the same, the descending channel is preliminarily forming and has not completely formed a bearish trend, so there is a possibility of a pullback. Those who have not entered can wait for an opportunity to short after a high, while aggressive traders can consider going long at the lower support levels, avoiding being too greedy. Bulls can also take advantage.

For short-term strategy reference: Refer to the specific details of the update in the friend circle for actual combat. Since the market is not one hundred percent certain, it is essential to set a stop-loss. Safety first, aim for small losses and big gains.

Short between 68000 and 68500 above, defend against further downside at 69000 for adding to short positions, set stop loss at 500 points, target range is from 67000 to 66000, consider short positions if it breaks below 65500.

Long positions can be added between 65500 and 66000 below, add more positions to defend at 65000, set a stop-loss at 500 points, the target is to see 67000 to 68000, and look for a breakthrough to 68500.

The specific operation focuses on real-time data in the market. For more information, you can consult the author. There may be some delays in article publication, so it is recommended to use it for reference only and bear the risks.

This article is exclusively contributed by the academician of the cryptocurrency community, representing the academician's exclusive viewpoint. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others, due to the timing of article distribution, the above opinions and suggestions are not real-time and are for reference only. Please bear the risks, and when reposting, please give credit. Manage your positions reasonably, avoid heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you make mistakes, reflect on your own issues, and do not let the potential profits slip away. There is no need to be smarter than the market in investing. When there is a trend, follow it; when there is no trend, observe and remain calm. Wait for the trend to clear before taking action, it is never too late. Tomorrow's success stems from today's choices. The way of heaven rewards diligence, the way of earth rewards kindness, the way of people rewards sincerity, the way of business rewards trust, the way of industry rewards excellence, and the way of art rewards passion. Gains and losses happen unexpectedly. Develop the habit of strictly setting stop-loss and taking-profit levels for each trade. The academician of the cryptocurrency community wishes you a pleasant investment journey!