Liying in the crypto circle: 11.26 the large-level trend of Bitcoin remains! Where are the excellent opportunities for short-term pullbacks? Latest market analysis.
Article published on 2024.11.26—00:40.
The current price of Bitcoin is 96000. Everyone saw yesterday's market. The strategy given in the article was to short at 98000 with a target of 95000, which has been reached. Congratulations to the followers who kept up. After taking profits, there was no choice to go long immediately but to wait for the sharp drop to end before selecting an entry point. The large-level trend is still intact, and the market is bouncing back after a slight break below the neckline, but there are no obvious rebound indicators. Be patient and do not open positions immediately. If a clear support forms below 96000, you can enter and start going long.
Looking at the market, Liying is still analyzing price trends. The current K-line pattern fluctuates within the range of 96000 to 99000, forming a wide range oscillation box. The large-level box fluctuation is indeed quite tempting, with enough space. The daily K-line shows multiple long upper shadows, indicating heavy selling pressure above and evident profit-taking behavior by the main force. The technical indicator MACD on the 4-hour cycle shows that both DIF and DEA are below the zero axis, and the MACD histogram is negative, indicating that the bearish strength is dominant in the short term, but there are signs of convergence. After the market corrects and breaks below 96000, there will be a demand for a pullback, so just wait for the pullback to end and continue to place long positions accordingly.
The current RSI value of the Relative Strength Index is about 44, close to the oversold area, which might lead to a rebound. The trend indicator EMA price is currently below EMA7 and between EMA30 and EMA120. The short-term trend is weak, while the medium to long-term still maintains an upward trend. Liying's clear thought is that as long as the large-level trend is bullish, the main focus should be on finding opportunities to go long at the bottom support, following the trend.
Today's Liying point prediction
Long at 95000, add to the long at 94000, stop at 93500, target at 97000.
Short at 98000, add to the short at 99000, stop at 99500, target at 96000.
The above is a brief analysis of the current market situation by Liying 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 precious experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own journey to success.
The article content is real-time, for reference only, and risks are borne by the reader.
