Liying in the crypto circle: 12.1 The bulls are not dead! The counterattack of Bitcoin after a deep pullback will surprise you! Latest market analysis.
Article published on 2024.12.1—01:35
The current price of Bitcoin is 96850. Did everyone pay attention to the entry idea of 96000 given by Liying yesterday? Congratulations to those who followed along! For those who didn't, remember to follow Liying. The larger trend remains unchanged, and Bitcoin will not give up on breaking the 100,000 barrier. The deeper the pullback, the stronger the stretch will be. So do not doubt whether the big coin will break 100,000, but rather how much space we can capture before it breaks 100,000.
Liying is still analyzing from the price trend perspective. The current K-line pattern around 97000 is oscillating, forming a relatively high consolidation area. A long upper shadow has appeared on the daily K-line, showing strong pressure overhead. In the MACD 4-hour cycle, both DIF and DEA are positive and gradually flattening, with the MACD histogram shortening, indicating a weakening bullish momentum and potential for entering an adjustment phase. Regardless of how it adjusts, do not exit completely; leave some long positions as a base, especially for those who entered at the 90000 level, do not rush to exit completely.
The current RSI is around 55, in a neutral to strong range, but has not entered an overbought state, indicating that there is still some upward space in the market but caution is needed. The trend indicator EMA is currently above EMA7, with EMA30 and EMA120 showing a bullish arrangement. The overall trend is still upward, but in the short term, it may face pullback pressure. Moreover, the trading volume has increased in recent trading days, especially after the big bullish candle on the 29th, indicating increased capital activity. What we need to do is look for opportunities to enter on the pullback.
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 of the current market conditions by Liying for investors' reference. Over ten years, Liying has continuously explored and experienced hundreds of various digital assets. In this process, Liying has experienced the brilliance of bull markets and the gloom of bear markets, accumulating countless precious 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 journey to success.
The content of the article is real-time and for reference only, with risks borne by oneself.
