Crypto Circle Li Ying: Has the Celebration on December 8th Ended? Quick Pullback Strategy for Bitcoin's Short-Term Rebound! Latest Market Analysis for the Weekend

Article Release Time: 2024.12.8—01:45 AM

Current Bitcoin Price: 99,600, is the weekend market returning to calm? Let’s analyze the two-way harvesting of 20,000 points. What will you do after the harvesting? Naturally, popping champagne to celebrate, which has led to the sideways market over the weekend, as the main force has harvested and gone out to consume. The article was only updated yesterday afternoon because Li Ying has always followed the trend of the main force. Although it has captured the bullish trend of 10,000 points, celebrating a bit is not excessive.

Now, looking at the current market, Li Ying still analyzes from the price trend. The current K-line shape is clearly oscillating at a high level, with a long upper shadow appearing on the 5-day line, indicating selling pressure above. The K-lines from the 6th to the 7th show an alternating pattern, with increased volatility, market sentiment is unstable, and the main force is muddling through. The technical indicators MACD currently show both DIF and DEA as negative values, and the MACD histogram is below the zero axis, indicating that bearish forces dominate in the short term but there are signs of convergence.

The Relative Strength Index (RSI) is hovering around 50, not entering the overbought or oversold zones, showing that the market currently has no clear trend direction. The trend indicator price is currently below EMA7, close to EMA30, and EMA120 is far below the current price. The long-term trend is still upward, but in the short term, it may face adjustment pressure. The trading volume has increased with drastic price fluctuations. At this time, if you want to follow the trend to go long, Li Ying suggests waiting, waiting to do long after a pullback to support, or layout a short position if it rises above 102,000.

Today's Li Ying Price Prediction

Long Entry at 98,500, 97,500 to add long, stop at 97,000, target 101,000.

Short Entry at 102,000, 103,000 to add short, stop at 103,500, target 100,000.

The above is a brief analysis of the current market situation by Li Ying, for investors' reference. $BTC #比特币行情分析