Crypto Circle Liying: How to achieve a profit of 3900 points before Bitcoin reaches 96000? The story behind Ethereum's profit-taking at 3420!
Bitcoin
Current price of Bitcoin is 94000. In yesterday's article, Liying mentioned entering the market above 91700, and finally took profit at 95500, capturing a space of 3900 points. How much did you gain? Before this article was published, Liying chose a short target of 96000 and will first look to see if it can reach 93000, or if it breaks the pressure level of 95000, Liying will also choose to exit.
Currently, the K-line pattern in the market fluctuates between 94000 and 96000, forming a consolidation pattern. The market exhibits strong selling pressure and support. The gradually shortening trend of the MACD technical indicator may indicate a weakening of bearish strength, and there is a trend of warming up in short-term bullish conditions. The relative strength index (RSI) does not show obvious overbought or oversold signals. The trend indicator EMA has support and pressure from EMA30 and EMA120 below. The peak trading volume is accompanied by significant price fluctuations, indicating a relatively intense market sentiment. Therefore, Liying will not hold short positions for too long. After probing the bottom, Liying will consider going long.
Point Forecast
Go long at 93000, add at 92000, stop at 91500, target 95500.
Go short at 95000, add at 96000, stop at 96500, target 93500.
The current price of Ethereum is 3360. In yesterday's article, it was mentioned to enter the market at the 3300 support level, and finally took profit at 3420. An unexpected entry was made at the short position of 3450. Currently holding to see if the 3300 level can hold. The overall trend in the market indicates that the range is still continuing. Before this, just operate according to the wave theory.
The current K-line pattern of Ethereum fluctuates around 3400, with previous highs of 3452 and lows of 3302 forming a short-term consolidation range. This is a good position for wave trading. The MACD technical indicator shows that bearish strength is weakening, and it may turn bullish. The RSI14 has not entered the overbought or oversold range, and subsequent changes need to be monitored. The short-term moving average of the trend indicator EMA has a suppressive effect, but the long-term trend remains bullish. Liying's strategy is short on short positions, long on long positions, mainly focusing on long after pulling back, with shorts as a supplement.
Latest point reference for today
Go long at 3300, add at 3250, stop at 3200, target 3400.
Go short at 3400, add at 3450, stop at 3500, target 3300.