Cryptocurrency Academician: On July 24, the downward momentum of Bitcoin far exceeded expectations! The increase in short positions indicates a deeper decline? Latest market analysis and reference suggestions.

CN
1 day ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Crypto Circle Academician: July 24, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 117,500. It is now 1:30 AM Beijing time. Let me ask everyone, have you all gone south? Congratulations, but don’t all get off the bus. The first target can be to sell part of it at 117,000. Don’t rush with the rest; wait for the wind to come. As long as you lock in profits early, the remaining space will be a bonus.

Before the publication, the daily K-line reached a high of 120,150 and a low of 117,250, continuing to decline. The EMA15 trend support at 116,500 is expected to be unable to hold. If this wave of bearish momentum continues, pay attention to the EMA30 trend support at 113,750. The MACD shows a decrease in volume leading to an increase in positions, with the DIF and DEA forming a death cross at a high level, beginning to spread. The K-line has reached above the Bollinger Band middle support at 115,300. Pay attention to whether the middle track support can hold before deciding whether to get off the bus and consider going north.

The four-hour K-line has broken below the triangle. After a stretch yesterday that lured many in, it began to plunge downwards, breaking the EMA60 trend support at 117,600. The MACD volume has ended and is starting to decrease, with the DIF and DEA forming a death cross. If it falls below 116,000, the bearish trend will continue in the short term. The lower track support is at 116,500. Multiple trend indicators and technical indicators converge at 116,500, which needs to be closely monitored. Consider further operations after the market reaches this point. For those who have not entered before, it is advisable to observe.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal, especially when breaking key resistance and support levels. Stop-losses must be executed; do not hold onto losing positions.

For going north, the trial entry point is between 116,500 and 116,000, with a defense at 115,500 and a stop-loss of 500 points. The target is 117,500 to 118,000, and if broken, look for 118,500 to 119,000.

For going south, the trial entry point is between 119,000 and 119,500, with a defense at 120,000 and a stop-loss of 500 points. The target is 118,000 to 117,500, and if broken, look for 117,000 to 116,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and 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 reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

新币快上线,机会抢先知!注册HTX领1500U大礼包!
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink