Coin Circle Liying: 10.30 bullish frenzy is coming! Strong buying behind the Bitcoin daily chart!
Article release time 2024.10.30-02:10
Bitcoin is currently priced at 72850. Yesterday, I earnestly reminded everyone that it is still a bullish trend and how many people listened and followed it? From 66500 to this moment, congratulations to the fans who have followed. As usual, if the trend has not changed, remember to follow the trend and don't go against the trend. This sentence is valid at any time. Where is the next bullish entry point? Look at Liying's analysis,
First of all, from the price analysis, the K-line of the market has an obvious upward trend. The big positive lines on the 29th and 30th have already shown that the sentiment is bullish, so there is no need to hit the south wall. The price continues to rise after breaking through the previous high point, forming a new high point, showing strong buying power. The technical indicator MACD bar chart continues to expand, and the DIF line crosses the DEA line and keeps upward, so Liying still believes that the bullish trend will continue to exert force.
The relative strength index RSI has no signs of callback, indicating that the current market is strong. The trend indicator short-term EMA7 rises rapidly and has moved away from the medium- and long-term EMA30 and 120. The upward trend here can no longer be described as strong. The market sentiment has been fully mobilized. Another obvious point is that the trading volume of the market is on the 29th and 30th. A large amount of funds actively entered the market to push up prices. The main capital joining the large-scale rise usually indicates that The continuation of the trend requires attention to whether there will be a subsequent reduction in volume. Once again, the previous bullish trend remains unchanged and is still bullish.
Today's point forecast: bullish
Long point 71000, 70000 to cover long, stop loss 69500, target 74000
Short point 74000, 75000 to cover short, stop loss 75500, target 71000
Reason: Liying chose the previous callback low point as the first entry point and EMA30 as the second entry point. After breaking EMA30, stop loss can be considered. After breaking the historical highest point, there is a high probability of encountering pressure points, so 74000 is selected as the first entry point for short positions, and the second position is the second entry point in the historical high area of the integer barrier
