Liying in the cryptocurrency circle: 11.28 Bitcoin's impressive rise! What is the potential of Bitcoin hitting 100,000? Latest analysis.
Article published on 2024.11.28—01:00.
Bitcoin's current price is 95750. How much did everyone earn from yesterday's live buy signal? Congratulations to the followers who kept up! Let's recap yesterday's thought process. The buy signal at 91000 aimed for 95000, providing a profit-taking space of 4000 points, further validating Liying's philosophy that following the trend is always relevant in this market. Liying has always emphasized that under the condition of unchanging large-scale trends, all pullbacks are entry points. It is less risky to layout long positions at key support than to short against the trend; the returns will also be much more stable.
Looking at the current market situation, Liying is still analyzing from the price trend. The current K-line pattern has gradually rebounded after a significant drop on November 25, and is now in the rebound phase. The daily K-line shows a long lower shadow, indicating strong support below, which suggests that bullish forces are dominant. This wave of the main force is obviously a trap for shorts, starting to liquidate short positions. In the technical indicator MACD on the 4-hour cycle, DIF and DEA are close to the zero axis, and the MACD histogram has turned positive from negative, clearly showing that bullish strength has significantly increased in the short term.
The current RSI value of the relative strength index is 54.3, located in a neutral area, not entering the overbought or oversold range, indicating that there is currently no extreme sentiment in the market. The trend indicator EMA price has broken through EMA7 and EMA30 and is approaching EMA120, showing that this bullish trend is already quite obvious. Liying believes that everyone can see this. Additionally, with the increase in trading volume, especially the noticeable inflow of funds during the upward process, the main force has not given up on the goal of hitting 100,000. Our thought process remains consistently focused on long positions as the primary strategy and short positions as a secondary strategy.
Today's Liying price forecast.
Long position at 94500, add to long at 93500, stop at 93000, target at 96000.
Short position at 97000, add to short at 98000, stop at 98500, target at 94500.
The above is a brief analysis by Liying regarding the current market situation, for investors' reference. Over ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying has experienced the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights and hopes to assist others with dreams to find their place in this unpredictable market and embark on their own successful journey.
The content of the article is real-time and for reference only, risks are borne by the reader.
