In the cryptocurrency circle, Liying: Don't miss the low position layout on 12.3! Seize the golden buying point of Bitcoin at 94000! Latest market analysis.
Article published on 2024.12.3 at 01:45.
The current price of Bitcoin is 95200. Let me ask, which side are you taking in the situation of both bulls and bears? Looking back at yesterday's article, Liying took profit after going long at 96000 with a target of 98000, then reversed to go short again at 96000 for another 2000 points. How to choose the next entry point? It is definitely to follow the trend. The bullish trend naturally means waiting for a low position to maintain the bullish mindset. Let’s look at the upcoming analysis.
From the analysis of price trends, the current candlestick pattern belongs to a clear downtrend, especially after the significant pullback on the 2nd, where the price failed to rebound effectively. The daily chart shows a long upper shadow and a combination of bearish candlesticks, indicating heavy selling pressure above, and the main force is taking profits. There may also be a possibility of reversing to pick up. In the technical indicator MACD on a 4-hour cycle, DIF and DEA have crossed downward at a high level, and the MACD histogram has turned from positive to negative, indicating an increase in bearish momentum in the short term.
The relative strength index RSI is currently 45.1, in a neutral to weak area, and has not yet entered the oversold zone, but there is a risk of further decline. We will wait until this wave of decline ends before entering to go long. The trend indicator EMA has currently seen the price drop below EMA7 and approach EMA30. If it continues to struggle to hold EMA30, it may further test the support at EMA120. After a volume increase and a decline, the market's wait-and-see sentiment has increased, indicating that both bulls and bears currently have no strong willingness to enter the market. At this time, Liying will not change her mindset; as long as the trend remains unchanged, the strategy will always be primarily to go long at low levels and secondarily to go short at high levels.
Today's Liying's predictions.
Go long at 94000, add more at 93000, stop at 92500, target 97000.
Go short at 97000, add more at 98500, stop at 99000, target 95000.
The above is a brief analysis by Liying regarding the current market situation, for investors' reference. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. In this process, Liying has gone through the brilliance of bull markets and the gloom of bear markets, accumulating countless precious experiences and profound lessons. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this unpredictable market and starting their own successful journey.
The content of the article is real-time and for reference only; risks are borne by the reader.
