Coin Circle Liying: 9.28 Overwhelming Bitcoin Bulls: Can it hover above 67,000? Latest market analysis layout!
Article release time 2024.9.28-07:31
Bitcoin ideas Liying chose to wait for the opportunity yesterday in order to better grasp the opportunity. The hard work paid off and finally waited for the pressure of the 66,500 mark to appear. The short position layout is due to the trend pressure position. Therefore, Liying’s final suggestion to everyone is to bag at 65,500, only take 1,000 points of space, and escape when you see good. Some coin friends said that they ran too fast and ran before the space below retracement began. Liying does not think so. The bullish trend is very strong and shorting cannot be held for a long time. The key is to step on the support layout
Look at your Bitcoin’s current K-line pattern showing an upward trend. The K-lines on the 26th and 27th show clear The upward momentum is obvious. From the 25th to the 28th, long lower shadows appeared many times, indicating that the bullish trend is dominant. Short selling cannot last too long. The MACD technical indicator is running above the 0 axis. Both DIF and DEA diverge upward. The bull market is still continuing. The RSI value is around 66, which further shows that the bull market has not yet finished.
Looking at the trend indicators, short-term EMA7, medium-term EMA30, and long-term EMA120, the moving averages are in a bullish arrangement. The trading volume on the 26th was significantly enlarged. The trading volume fell back in the following days but still maintained at a high level. The high-level consolidation of the market is almost irreversible. Although the current trading volume is relatively stable, there is no obvious sign of shrinking or increasing volume. Liying still believes that the bullish trend will continue, and the short-term market will continue to stretch after the retracement
Today's point forecast
Long point 65000, 64500 to cover long, loss 64000, target 66400
Short point 66500, 67000 to cover short, loss 67500, target 65400
Reason: Liying's idea is very simple. After the retracement to the support, long orders can be laid out. After setting a good stop loss point and doing a good job of risk control, the rest can continue to look at the previous high, according to the big In terms of trend, the previous high will be gradually broken, so consider covering short orders at the pressure level above the previous high
The content of the article is real-time and is for reference only. Risks are borne by the investor
The above is a brief analysis of the current market conditions by Liying for investors’ reference
