Coin Circle Li Ying: Have you seized the 3000-point space of 12.5 Bitcoin at 3000? Fearless bulls are waiting for the opportunity! Latest market analysis

Article published on 2024.12.5—01:30

Current Bitcoin price is 95100, once again securing profits. Fans have this wave at 94000, targeting 97000 to secure profits from the 3000-point space. How much has everyone taken? Congratulations to the coin friends who followed along. There are very few people shorting at 97000, only a small portion, while most people are quite cautious, so finally cashing out at 75000 is enough, it doesn’t take too long. Li Ying is also shorting here at 97000, only preparing to update today’s thoughts after cashing out at 75000. The total long and short positions have taken down a 5000-point space, which is considered a good harvest.

Now let’s take a look at Li Ying’s analysis. First, regarding price trend analysis, the current K-line pattern on the market shows significant volatility, with some buying support at low levels. On the daily chart, after the price fell from the high, it formed a certain oscillation and consolidation pattern and is currently in a relatively low area. In terms of technical indicators, the MACD on the 4-hour cycle shows that the histogram has turned positive from negative, but overall it is still below the zero axis, indicating that the bearish strength has weakened but has not completely reversed, and there is still the possibility of further probing the bottom, so don’t rush to go long; wait for a confirmed pullback before entering.

The relative strength index (RSI) is currently at 42.6, close to the oversold range. There may be a rebound demand in the short term, but be wary of the risk of continuing to decline. The trend indicator shows that the current price is below EMA7, and there is a certain distance between EMA30 and EMA120. The short-term trend is bearish, while the medium to long-term moving averages are in a bullish arrangement, suggesting that the overall trend is still upward. Additionally, with the trading volume increasing, market sentiment is volatile. Li Ying feels that one should not rush to enter the market; learn to wait for opportunities, wait for key points, and follow the trend to primarily go long and secondarily short.

Today’s Li Ying point forecast

Long entry at 93000, add long at 92000, stop at 91500, target 97000.

Short entry at 97000, add short at 98000, stop at 98500, target 95000.

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