Crypto Circle Li Ying: The Bull Market of Bitcoin on 11.30 is Not Over Yet! How to Find Entry Opportunities Amidst Volatility? Latest Market Analysis

Article Published on 2024.11.30—01:45

Current Price of Bitcoin is 97250. Let's review Li Ying's real-time strategy suggesting a short at 98000. Before publishing, we closed the position at 97000 for profit, and the reason is simple: short positions won’t be held for long because the larger trend remains bullish, and the main force could push prices up at any time. What we need to do now is to trade super short, using stop-loss orders to navigate back and forth. Unfortunately, we couldn't find a suitable support level to enter long positions. It is clear that the main force's retracement is not strong enough, hoping not to attract too many retail investors into the market.

Now, looking at today's market, Li Ying is still analyzing from the price trend perspective. The current K-line pattern is fluctuating in the range of 97000 to 98000, forming a consolidation pattern. On the daily K-line, a long lower shadow appears, indicating strong buying support. The trend continues, and the bullish sentiment remains unchanged. The technical indicator MACD on a 4-hour timeframe shows both DIF and DEA are positive and gradually rising, with the MACD histogram displaying red, indicating that short-term bullish strength is increasing.

The current Relative Strength Index (RSI) is at 56.5, in a neutral to strong area, not entering overbought or oversold conditions, showing that there is still room for the market to rise. The trend indicator EMA price is currently above EMA7 but close to this moving average. EMA30 and EMA120 are well below the current price, indicating a short-term upward trend, and the medium to long-term trend also remains positive. The trend remains unchanged, continuing with a low bullish strategy as the main approach. Looking at the trading volume, it is increasing, showing that capital activity is rising, with no obvious signs of contraction or expansion. Li Ying's strategy remains unchanged, focusing on low bullish positions with high shorts as a supplement.

Today's Li Ying Price Predictions

Long Entry Point at 96000, Add Long at 95000, Stop Loss at 94500, Target at 98000.

Short Entry Point at 98000, Add Short at 99000, Stop Loss at 99500, Target at 95500.

The above is Li Ying's brief analysis of the current market situation, for investors' reference $BTC #比特币行情分析