Coin Circle Liying: 11.18 Bitcoin bulls are about to emerge! 89,000 bottom-fishing is successful! Follow the trend! Latest market analysis

Article release time 2024.11.18—08:35

Bitcoin is currently priced at 90,000. Let’s review Liying’s thinking yesterday. When it fell back to 89,000, those who should enter the market also entered the market. At present, the correction stretch broke the 90,000 mark. The stretch has not ended yet, so there is no rush to leave the market. The bulls remain unchanged, so Liying’s thinking is still to follow the trend

From the price trend analysis, Liying found that the K-line pattern fluctuated around 90,000, forming a high-level consolidation pattern, and then the daily K-line showed a long lower shadow on the 15th, followed by a rebound, so it can be concluded that there is strong support below. In the technical indicator MACD4-hour cycle, DIF and DEA are both negative, but the MACD histogram is gradually shortening, which may indicate that the short-term momentum is weakening.

The relative strength index RSI is currently hovering around 50, not entering the overbought or oversold range, the market is in a relatively balanced state, the trend indicator current price is below EMA7, close to EMA30 and EMA120, far below the current price, the long-term trend is still upward, so the overall trend is still bullish from a comprehensive analysis, we naturally follow the trend when trading, the trading volume has fallen, and the market sentiment tends to stabilize.

Today's Liying point forecast

Long point 89000, 88000 to cover long, stop 87500, target 91000

Short point 91000, 92000 to cover short, stop 92500, target 89000

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

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