In the crypto circle, Liying: Maintain faith on November 22! Bitcoin has been continuously baptized with bullish candles, market sentiment is high, and we act according to the trend! Latest market analysis
Article published on November 22, 2024—01:40
Current price of Bitcoin is 97500, Liying said to act according to the trend. The big trend is bullish, do not deceive yourself, and must firmly uphold your beliefs and stick to your trading system. Liying has been following the bullish trend for so long, achieving a hundred times return, and most have already taken profits. Yesterday's target of 94200 support was effective, and finally took profits at 96500. For this wave of market, the space is indeed small, only 2300 points, but for us within the system, the profit is quite good.
Now let's look at Liying's statement. First, from the price trend analysis, the current candlestick pattern is clearly still in an upward trend. Prices have risen from around 94000 to 98400 yesterday and today, with consecutive bullish candles on the daily chart indicating strong market buying pressure. The technical indicator MACD on the 4-hour cycle is in the bullish area, with the DIF line crossing above the DEA line and continuing to diverge upwards. Liying judges there is still upward space in the short term, so the strategy remains to continue going long on effective pullbacks.
The Relative Strength Index (RSI) is approaching 70 on the 4-hour chart but has not entered the overbought zone, indicating strong current momentum but caution is needed for potential pullback risks. We will wait for this pullback risk to end before entering, and we will just wait before the pullback. The trend indicator EMA price is currently above EMA7, EMA30, and EMA120, with moving averages in a bullish arrangement, supporting further bullish outlook. Looking at the trading volume accompanying the price rise shows positive capital inflow. Before the report was published, the volume decreased but the price remained high, which may indicate a short-term adjustment or consolidation. At this time, we should be patient and wait for a pullback to the support below to continue to go long. Aggressive traders can try shorting at high positions but remember to set stop losses.
Today's price prediction by Liying
Going long at 96000, adding longs at 95000, stop at 94500, target 98000
Shorting at 98500, adding shorts at 99500, stop at 100000, target 96000
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 experienced the brilliance of bull markets and the gloom of bear markets, overcoming numerous challenges and accumulating countless valuable experiences and profound lessons. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The content of the article is time-sensitive and for reference only, with risks borne by the reader.
