Crypto Circle Li Ying: 12.7 Bitcoin dominates the hot headlines, the whole network is discussing the limitless future! Latest market analysis

Article published on 2024.12.7----16:50

Current Bitcoin price is 99,500, Bitcoin is performing a sky lock, Li Ying took profits at 103,000, got in at 96,000 yesterday morning at seven o'clock, currently holding, the real position is updated for everyone's reference, the current market is just like the Nasdaq a few years ago, it is expected to rise to a height that everyone is unfamiliar with, also unimaginable, so in the bull market, Li Ying chooses not to guess the top, but quietly chooses to follow, as long as there is a pullback to challenge previous highs to find positions to cash out, then wait for the pullback to continue following the trend and act accordingly

First, from the price trend analysis, Li Ying observes that the current K-line pattern is oscillating at a high level, with multiple long upper shadow K-lines appearing, indicating selling pressure above. From December 5 to December 6, there was a quick surge followed by a pullback, forming an 'inverted V' shape. The technical indicator four-hour MACD shows that DIF and DEA are close to the zero axis, the MACD histogram has turned from negative to positive, but the momentum is weakening. In the short term, after adjusting below 100,000, it will continue to exert force.

The relative strength index currently has an RSI value around 54, which is in the neutral zone, with no obvious overbought or oversold signals. The trend indicator EMA currently shows the price slightly above EMA7, but is far from EMA30 and EMA120. The short-term moving average support is effective, and the medium to long-term trend remains upward. The trading volume in the market has increased, especially during periods of significant price fluctuations, indicating increased market activity. The bullish trend remains unchanged, with pullbacks continuing to focus on going long, while shorts are secondary.

Today's reference points:

Long entry at 98,500, stop loss at 97,500, take profit at 101,500

Short entry at 102,000, stop loss at 102,500, take profit at 100,000

The above analysis by Li Ying is based on market data and trend analysis of the order book, for reference only, and does not constitute investment advice. For family reference $BTC