Coin Circle Li Ying: Only Waiting for Competition on 11.19! Has Bitcoin Entered a Surge Mode to Refresh Historical Records? Latest Market Analysis

Article Release Time: 2024.11.19----08:40

Current Bitcoin Price: 90800, congratulations to everyone for successfully bottoming at 89000, and congratulations to everyone for smoothly shorting at 92000. Both positions are relatively obvious pressure and support points. Although the main strategy is to buy low, the high position short is aimed at quick entry and exit, exiting at 90000. However, combining long and short positions gives a space of 5000 points, which is quite good to take profit

From the price trend analysis, Li Ying observes that the current K-line form is fluctuating within the 90000 to 92000 range, forming a clear choppy consolidation pattern. Li Ying has found multiple long upper shadows appearing on the daily K-line, indicating strong selling pressure above. In the technical indicator's 4-hour MACD cycle, DIF and DEA are close to the zero axis, with the MACD histogram turning from negative to positive, indicating signs of a short-term rebound, but the overall trend remains unclear. At this time, caution is needed when entering the market, and one should not act on impulse

Currently, the Relative Strength Index (RSI) value is between 50 and 60, not entering the overbought or oversold regions, with the market in a relatively balanced state. The balance point brings forth chaos, which Li Ying refers to as the calm before the storm. The trend indicator EMA shows the current price is above EMA7 but close to EMA30, while EMA120 is far below the current price. The long-term trend remains upward, but short-term may face adjustment pressure, so one should be aware of potential downward pullbacks in the short term. Although the major trend looks bullish, the short-term view is for a correction, and entry points should be considered after the pullback. It is advisable to wait for the direction to unfold before taking action

Today's Reference Points:

Long Entry Point: 90000, Stop Loss: 89000, Stop Loss: 88500, Target: 92000

Short Entry Point: 92000, Stop Loss: 93000, Stop Loss: 93500, Target: 90000

The above analysis by Li Ying is based on market data and trend analysis from the order book, for reference only, and does not constitute investment advice. For family members' reference. $BTC #BTC行情超话 #比特币行情分析