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Coin industry academician: 2024.10.29 Bitcoin (BTC) latest market analysis

The current price of Bitcoin is 69,500. It is now 4 a.m. Beijing time. It is late at night, and the short order test failed and once again swept out of the market. The era of AI control was indeed a very tragic thing. The Japanese K-line reached a high of 69900 and a low of 67,600, and the bearish trend was greatly amplifiedSunlineReversed, the EMA 15 fast line indicator reached 67000, and the overall EMA trend indicator once again opened upward, and the bulls are still gaining strength

　　

Technical indicatorsIf the MACD contraction occurs twice, the volume will be retracted. The pullback will continue as long as it does not break the 68500 amplitude upward. DIF and DEAGolden forkIt will also take shape. There are obvious indicators of alternating long and short periods here. The upper track rose to 71600 while the Bollinger band spread upward, and the middle rail support also reached 66300.KDJGold forks are also in shape,

　　

The four-hour K line has now entered the overbought region, and the EMA trend indicators are all rising upward.MACDContinuous volume increases spread upward. The upward spread of DIF and DEA has not yet broken out of the energy index. The Bollinger Band has broken the K line and broken the upper rail pressure of 69400. The TD artifact is in the overbought region and has not yet reached extreme overbought territory. Now that it has been washed out, wait for an opportunity to continue testing the empty positions at a high level, and the support of the 68500 market is determined by paying less attention to the 68500 market

Short-term idea reference: the market is not 100%, so you must bring good stop loss, safety, first, small loss, big profit is the goal

70500 to 71,000 empty, defensive 71,500 to 72000 to fill positions, stop loss 500 points, target 70,000 to 69,000, break positions 68,500

68,000 to 68,500 or more below, stop loss 500 points, target 69,500 to 70,000, broken position 70,500

The specific operation is mainly real-time market data. For more information, please contact the author. There are delays in publishing the article. Suggestions are for reference only at your own risk

This article is exclusively contributed by academicians in the coin industry and only represents the exclusive views of academicians. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of publication of the article, the above opinions and suggestions are not real-time. They are for reference only. You are at your own risk. Please indicate the source, make an order to properly control positions, and never operate heavy or full positions. Academicians also hope that investors will understand that the market is always right. If you make a mistake, you should summarize your own problems and not let the profits you should have earned fly away. There is no need to invest more smartly than the market. When a trend comes, follow it; when there is no trend, watch it and keep quiet. After the trend finally becomes clear, it's not too late to get started. Tomorrow's success stems from today's choices: God rewards hard work, proper rewards, humanity rewards honesty, business rewards, good business rewards, and artistic rewards. The gains and losses are all unintentional. Develop the habit of strictly taking stop loss and take profit with every order. Coin industry academicians wish you a happy investment!