Coin Circle Liying: The 11.15 bull market has not ended! How will Bitcoin, which is burdened with panic, fight back! Latest market analysis
Article published on 2024.11.15—00:15
The current price of Bitcoin is 88,000. The support point is clear and you can take a real position. Liying has made it very clear yesterday that you should not be distracted by external factors. When the general trend is still bullish, before the general trend ends, all retracement supports can be used as entry points for long orders. Now that the market has seen a sharp drop, you should wait until the market stops falling before entering the market. When the market sentiment is occupied by greed and fear, you must rationally block this general emotion and only do what you are sure of, and only do what is within the system.
Liying still analyzes the price trend. It can be seen that the K-line pattern has been oscillating at a high level. A long upper shadow line appeared on the 13th. Liying judged that the selling pressure from above was large. The K-lines on the 14th and 15th showed negative lines, indicating that the market sentiment was bearish in the short term. In the technical indicator MACD 4-hour cycle, DIF and DEA were both downward, and the MACD histogram was negative, showing that the short-term momentum was strengthened. The air force began to challenge the bottom line of the bulls and had reached the support point. Then we should pay attention to whether the key support was broken.
The relative strength index RSI is currently around 54.87, falling from the overbought area. Liying found that the bullish power of the market has weakened significantly. The current price of the trend indicator EMA is running below EMA7, and there is a certain distance between EMA30 and EMA120. The short-term trend is bearish, but it is still in an upward trend in the long term. The idea is to follow the long-term bullish trend layout. The short-term bearish trend chooses more key support layouts. It is right to follow the trend. After the inflow of trading volume funds, there is a wait-and-see situation and the market activity has decreased, which means that only the main force is performing at present, and most people still choose to wait and see more rationally.
Today's Liying point forecast
Go long at 85500, add more at 84500, stop at 84000, target at 89000
Short point 89000, short at 90500, stop at 91000, target 87000
The above is a brief analysis of the current market conditions by Liying for investors' reference. In the past ten years, Liying has been exploring and experiencing hundreds of various digital assets. In this process, Liying has experienced the glory of the bull market and the bleakness of the bear market. She has accumulated countless valuable experiences and profound lessons along the way. As a female trader struggling in this challenging field, Liying feels a deep responsibility to share her own experience and insights, hoping to help other people with dreams find their place in this turbulent market and start their own journey to success.
The content of the article is real-time and for reference only. Risks are borne by the user.
