Cryptocurrency Market Analysis: Where Does the Bullish Confidence of Bitcoin at 11.25 Go From Here? From Gambler Back to Rational! Latest Market Analysis
Article Published on 2024.11.25—01:40
Current Price of Bitcoin is 96000, Li Ying shared a super short position at 97700 yesterday, finally taking profits at 98400, the space was small with only 700 points, the market showed a trend of main forces taking profits, so in the case of risk avoidance, Li Ying chose small profits, a double top pattern appeared above 98000, currently holding, the target looks at 95500 to 95000 to see if it can reach, as long as it doesn't break the neckline, it can be held directly, if it breaks, take profits, whatever is stable comes first
Looking at the current price trend, the K-line pattern of the market is obviously in a high-level fluctuation, with prices fluctuating between 98000 and 96000, now that it has fallen below 96000, how will it move next? The daily chart shows two consecutive bearish candles, indicating that there is some selling pressure in the market, which is a normal correction, so short positions should not be held too long. In the technical indicators for the 4-hour MACD cycle, both DIF and DEA averages are moving downwards, and the MACD histogram is negative, indicating short-term correction pressure, so follow this wave of correction to go short and take some space first
The current RSI value of the relative strength index is about 45, in the neutral to weak area, not yet in an oversold or overbought state, but showing a decrease from the previous high, indicating weakened bullish strength. The trend indicator EMA price is currently below EMA7 but close to EMA30, which may gain support here. EMA120 is far below the current price, and the long-term trend remains bullish. Trading volume shows an increase in bearish strength. Overall, Li Ying believes that the trading volume has gradually shrunk after a significant increase, which is a normal correction. As long as key support is not broken, the larger trend remains bullish, leaning more towards a low bullish strategy, for shorting, Li Ying suggests entering at points with not too large stop-loss positions
Today's Li Ying Point Forecast
Long Position Entry at 95000, Additional Buy at 94000, Stop at 93500, Target at 97000
Short Position Entry at 97000, Additional Sell at 98000, Stop at 98500, Target at 95500
The above is Li Ying's brief analysis of the current market conditions for reference by investors $BTC #比特币行情分析 #BTC行情分析