In the cryptocurrency circle, Liying: The Bitcoin bull market on 11.30 is not over yet! How to find entry opportunities amid volatility? Latest market analysis.
Article published on 2024.11.30—01:45
The current price of Bitcoin is 97250. Let's review the short position of 98000 given by Liying in real-time thinking. Before publication, I took profits at 97000. The reason is very simple; I won't hold a short position for too long because the larger trend is still bullish, and the main force could pull up at any time. At this moment, I need to focus on ultra-short trades with stop-losses. Unfortunately, I didn't find a suitable support level for long positions. It's evident that the main force's pullback strength is insufficient, and I don't hope too many retail investors get on board.
Looking at today's market, Liying still analyzes from the price trend. The current K-line pattern fluctuates within the range of 97000 to 98000, forming a consolidation pattern. A long lower shadow appears on the daily K-line, indicating strong buying support. The trend continues, and the bullish sentiment remains. In the technical indicator MACD on a 4-hour cycle, both DIF and DEA are positive and gradually rising, with the MACD histogram showing red, indicating enhanced short-term bullish strength.
The current RSI indicator is at 56.5, in a neutral to strong area, not in overbought or oversold territory, indicating that there is still upward space in the market. The trend indicator EMA price is currently above EMA7 but close to this moving average. EMA30 and EMA120 are far below the current price, showing a short-term upward trend, while the medium to long-term trend remains good. The trend remains unchanged, and the approach continues to favor low long positions. Looking at the increasing trading volume, it shows increased capital activity without obvious signs of contraction or expansion. Liying's thinking remains unchanged, focusing primarily on low long positions with high shorts as a supplement.
Today's Liying point prediction.
Long entry at 96000, add long at 95000, stop at 94500, target 98000.
Short entry at 98000, add short at 99000, stop at 99500, target 95500.
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. In this process, Liying has experienced the brilliance of bull markets and the gloom of bear markets, overcoming numerous challenges and accumulating countless valuable experiences and profound lessons. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The content of the article is time-sensitive and for reference only; risks are borne by the reader.
