Coin Circle Liying: Bitcoin is on the rise again on October 11! Today's highest point actually rushed straight to 60,800. Fear or joy? Latest market analysis

Article release time 2024.10.11-14:00

The market you waited for is finally here, and the sharp rise and fall you waited for. The two target positions given by Liying yesterday were both over 60,000, and 59,500 was more. Today's highest point reached 60,800, and the space is not large, only over 1,000. From the overall trend, the profit space has been compressed, and the market fluctuations have temporarily stopped. How the market will go today depends on Liying's next analysis

The current K-line pattern of the market is obviously in a volatile downward trend, especially after the sharp decline yesterday and the day before yesterday, the market sentiment is bearish. In the 4-hour cycle, the price fluctuated between 60,000 and 61,000, and tested the support near 60,500 many times. The technical indicator MACD is currently below the zero axis, DIF and DEA are both negative, and the MACD histogram is green, indicating that there is still a certain downward momentum in the short term, but there are signs of weakening, indicating that there are signs of consolidation at the bottom of the market.

The current RSI of the market is hovering around 40, indicating that there may be a rebound. Looking at the trend indicators EMA7, 30 and 120, they are all diverging downward. The short-term moving average EMA7 has repeatedly acted as resistance to suppress the upward price. It is necessary to pay attention to the breakthrough of EMA7 before making a decision. In the 4-hour cycle, the trading volume gradually decreases, and the market is in a wait-and-see mood, waiting for new Direction guidance, conventional thinking, short on highs and long on lows

Today's point forecast: Liying judgment (horizontal)

Long point 60000, 59300 to cover long, stop loss 58900, target 61000

Short point 61500, 62000 to cover short, stop loss 62500, target 60500

Reason: Pay attention to the key pressure and support levels. After breaking, follow the trend and don't rush to buy against the trend. The content of the article is real-time and is for reference only. Risks are borne by yourself

The above is Liying's brief analysis of the current market conditions for investors' reference. $BTC #BTC合约 #比特币合约交易 #BTC☀ #BTC走势预测 #Btcoin