Crypto Circle Li Ying: Wait for Opportunities After the Bottom of 90,000 on 12.11! How Will Bitcoin's Investment Logic Be Reshaped! Latest Market Analysis

Article Release Time: 2024.12.11—00:55

Current Bitcoin Price: 95,800. I went to sleep after posting yesterday and missed the entry point in my dreams. I didn’t enter the market all day because the short-term decision of the main force to take profits is too strong, and it is also possible that too many chips were targeted above 100,000, which led to back-and-forth liquidation. The major trend support point is at the 90,000 mark; whether the bulls can hold this position is crucial. Let’s look at Li Ying's analysis.

First, let's start with price trend analysis. The current K-line pattern shows a clear pullback at a high position, especially the large bearish candles on the 9th and 10th indicate strong selling pressure. A short-term downward trend has formed on the daily K-line chart, with high points gradually decreasing. In the technical indicator MACD on the 4-hour cycle, MACD is below the zero axis, and both DIF and DEA are diverging downwards, indicating that the current market is in a short-term bearish trend. Aggressive traders can short at the current price, targeting not too far, aiming for a gain of over 500 points.

The relative strength index RSI is around 36, close to the oversold area but has not yet entered the extreme zone, indicating a potential rebound demand. The trend indicator EMA price is currently below EMA7, EMA30, and EMA120, and the EMA shows a bearish arrangement, further confirming a downward trend in the short term. Looking at the trading volume, on the 9th, trading volume increased significantly alongside the price drop, showing strong selling pressure. In the following days, trading volume decreased, indicating that market sentiment is becoming cautious, and there is a strong wait-and-see atmosphere. Li Ying's suggestion is to wait for the bottom at the 90,000 mark before finding opportunities to continue entering the market, following the major trend; short positions can be taken, but risk management must be done well.

Today's Li Ying Point Prediction

Long Entry Point: 92,500, 91,500 to add long, Stop Loss: 91,000, Target: 95,500

Short Entry Point: 98,000, 99,000 to add short, Stop Loss: 99,500, Target: 95,500

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