Coin Circle Liying: Bitcoin on the cusp of 11.17! Bullish, not bearish! Latest market analysis

Article release time 2024.11.17—02:00

The current price of Bitcoin is 91,000. First, let’s review the trend of yesterday’s market. It has been consolidating at a high level for almost the whole day. The highest price did not break 92,000 and the lowest price did not break 90,000. The bullish trend has been strengthening, so Liying’s idea has always been low-multiple thinking, which remains unchanged. The idea has been effective before it falls below the key support

Let’s look at today’s market. First of all, from the price trend analysis, the current K-line pattern is an obvious upward trend. Everyone can see this, provided that you don’t deceive yourself, especially from the 13th to the 15th, it rose from 87,670 to 91,032. On the 14th, a long lower shadow appeared, so Liying judged that there was strong buying support at the low level. The technical indicators MACD’s current DIF and DEA are both negative, but the gap is narrowing, and the MACD histogram is gradually weakening. It is obvious that the short position The strength weakened and the bullish trend has been

The relative strength index RSI is currently close to 60, which is in the neutral to strong area and has not entered the overbought area. There is still room for upward movement. The trend indicator short-term EMA7 is higher than the medium- and long-term EMA30 and EMA120. This is a typical bullish trend, so Liying sees an upward trend. The trading volume has risen sharply with the price, indicating that the market activity has increased and the bulls are dominant.

Today's Liying point forecast

Long point 90000, 89000 to cover long, stop 88500, target 92000

Short point 92000, 93000 to cover short, stop 93500, target 90000

The above is Liying's brief analysis of the current market situation for investors' reference

The content of the article is real-time and is for reference only. Risks are borne by yourself$BTC #比特币行情分析