Cryptocurrency Liying: On 12.18, who can stop the rise of Bitcoin? How much more upward space is there to look forward to? Latest market analysis.
Article published on 2024.12.18—01:25
Bitcoin current price 107500, bullish trend continues, Bitcoin has again broken historical records, surpassing 108000, and is very close to 110000. Do not doubt the determination of the main forces; do not guess the top. Remember Liying's survival rule: follow the trend and steadfastly execute this strategy. Follow the main forces to operate with the trend, and this market will maintain a high win rate and stable operation mode. This wave of pullback has clearly reached the new support point of 106000; since the support is effective, why not enter the market? Now that you have entered, there is at least 1500 points of space.
Looking at the current market situation, Liying starts the analysis from the price. The continuous bullish candlestick patterns indicate a strong upward trend in the market. From the 16th to the 18th, there were multiple long lower shadows, indicating strong support below. The MACD technical indicators DIF and DEA are both above the zero axis, and the MACD histogram is positive, showing strong bullish momentum.
The Relative Strength Index (RSI14) is approaching the overbought zone but has not entered extreme territory, indicating that the market still has some room for upward movement. The trend indicators are above EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages showing a bullish arrangement, supporting the current upward trend. The trading volume on the 16th significantly increased, accompanied by a price breakthrough, indicating that funds are actively entering the market, while the overall level remains high, suggesting that market participation is still strong. At this time, hold your beliefs firmly and maintain your bullish position. Do not exit casually; short-sellers should set stop-losses and be clear about resistance levels for quick entries and exits.
Today's Liying price prediction
Go long at 106000, add long at 10500, stop at 104500, target 108000.
Go short at 108000, add short at 109000, stop at 110000, target 106000.
The above is Liying's brief analysis of 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 experienced the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons. As a female trader striving in this challenging field, Liying feels a strong responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and start their journey to success.
The content of the article is real-time, for reference only, and risks are borne by the reader.
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