Coin Circle Li Ying: The large bullish trend of Bitcoin remains unchanged at 12.19, who can seize the entry opportunity at 103500? Latest market analysis

Article published on 2024.12.19—01:05

Current price of Bitcoin is 103900, the opportunity has come, the large trend remains bullish, the main force's liquidation of longs this round is our opportunity, just hold on after entering at 103500, Li Ying has always firmly believed in going with the trend, just follow the main force and let time prove that our choices are not wrong, at least we have been doing this for three months, right?

Now let's look at the current market situation, Li Ying still analyzes from the price trend, the candlestick pattern in the order book is still fluctuating at a high level, from the 16th to the 18th there were significant fluctuations, forming a candlestick combination with long upper and lower shadows, indicating fierce competition between bulls and bears in the market. The daily chart shows a clear upward trend from the 15th to the 17th, but then a pullback occurred on the 18th, presenting a short-term top signal. However, the four-hour MACD technical indicator shows that the MACD histogram has turned from positive to negative, and the DIF line has crossed below the DEA line, indicating short-term pullback pressure.

The current Relative Strength Index (RSI) is 49.2, close to the neutral zone, having previously entered the overbought range before retreating, indicating that current market sentiment is becoming cautious. The EMA trend indicator price has fallen below EMA7 but is still above EMA30, while EMA120 is far below the current price level, indicating that the long-term trend remains bullish, but there may be adjustments in the short term. Trading volume has increased significantly, accompanied by a substantial rise in price, indicating strong capital momentum, which shows that the bullish trend is still present, and the strategy of primarily low longs remains unchanged, with high shorts as a supplement.

Today's Li Ying point prediction

Long entry point 103000, add long at 102000, stop at 101500, target 105500

Short entry point 106000, add short at 107000, stop at 107500, target 103500

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