There is no need to showcase your strength excessively, what is important is to gain recognition from more people. In the investment journey, it is more important to focus on improving yourself rather than proving your strength to others. Whether you are a donkey or a horse, take them out for a walk and you will know.

As a senior figure in the cryptocurrency circle, I have always been dedicated to providing beneficial advice to everyone, hoping that everyone can avoid detours and mistakes in this market. Although I speak earnestly, the path of investment still needs to be explored by oneself. Learning is endless, and the experiences gained are the true wealth!

Here, I wish my fans will achieve financial freedom in 2024. Let's fight together!

Coin circle academician: The latest analysis of Bitcoin (BTC) market on October 14, 2024.

Bitcoin is currently priced at 62700, it is now 9:30 AM Peking time, and you can see a doji candlestick on the weekly chart.CandlestickThe overall trend has shown signs of shifting from bearish to bullish, but it is not yet clear from which level the extension will start. Therefore, it is advisable to wait for further market exploration before deciding on an entry point. It is definitely not appropriate to go long at this current position.

　　

After the daily candlestick closed lower yesterday, it opened horizontally this Monday, with the EMA15 trend indicators supporting at 62300, while the 30 trendline is at 61950, and the dividing line support is at 61500.MACDSignificant decrease in trading volume and increased fundraising, with DIF and DEA contracting at high levels. The candlestick has reached the balanced point of 62700 in the Bollinger Bands.KDJResistance at 63000 for upward diffusion, the entry point for short positions has been found, with not a very large stop-loss position. Wait for another stretch without breaking.Support level.You can try opening a position.

　　

On the 4-hour candlestick chart, EMA trendlines can be seen continuously appearing in a mesh-like bullish trend, with EMA15 trendline support reaching 62500. Other trendlines are mostly alternating near 62200, making it a strong support point. The dense area can be a key focus point. MACD volume is decreasing, with the candlestick forming a divergence at the top, and DIF and DEA contracting at high levels to form a death cross trend. Bollinger Bands are starting to contract in both directions, with the upper band resistance at 64000 and lower band support at 60600. The KDJ indicator is forming a divergence.Golden crossThe overall trend is in an uncertain trend, currently suggesting staying empty and observing the layout of the trendline resistance above.

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.

Today's strategy

If the upper side does not break 63200 to 63500, the target is 62500 to 62000. If broken, look at 61500, with a stop loss of 300 points.

Long positions if the upper level breaks 63,300 to 63,600, with a target of 64,200 to 64,500. If broken, target 65,000, stop loss at 300 points.

Long positions between 62,000 to 62,300 below, reinforce buying at 61,500, stop loss at 500 points, target at 63,000 to 64,000, if broken target 65,000.

Operate based on real-time market data. For more news and details, please refer to the news section. Articles may have delays in publication, so they are recommended for reference purposes only. Please be aware of the risks.

This article is exclusively contributed by the cryptocurrency academician and only represents the academician's unique viewpoint. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc., the viewpoints and suggestions above are not time-sensitive due to article push timing. They are for reference only, and risks are to be borne by the reader. When reposting, please indicate the source. 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 are wrong, you should analyze your own problems and not let potential profits slip away. There is no need to be smarter than the market when investing. Follow trends, act when they come; observe and wait when there are no trends. Only act after the trend becomes clear. Tomorrow's success depends on today's choices. Nature rewards hard work, the earth rewards kindness, people reward honesty, business rewards trust, industry rewards excellence, art rewards passion. Gains and losses come unexpectedly. Develop the habit of strictly using stop-loss and take-profit for every trade. The cryptocurrency academician wishes you a pleasant investment journey!