Coin Circle Li Ying: Don't miss the low-position layout on December 3rd! Seize the golden buying point of Bitcoin at 94,000! Latest market analysis
Article published on 2024.12.3—01:45
Current Bitcoin price is 95,200. Let's ask which side of the long and short positions did everyone take? Reviewing yesterday's article, Li Ying suggested 96,000 with a target of 98,000 for profit taking. After that, a short position was taken again at 96,000, continuing to take profit at 2,000 points. How to choose the next entry point? It must be in line with the trend; the bullish trend naturally waits for low-position layouts, and the bullish thinking remains unchanged. Let's look at the upcoming analysis.
From the price trend analysis, Li Ying observes that the current K-line pattern of the market clearly indicates a trend of significant downward fluctuations, especially after the large correction on the 2nd, where the price failed to rebound effectively. The daily chart shows a combination of long upper shadows and bearish candlesticks, indicating heavy selling pressure above, with the main force taking profits. There is also a possibility of a reversal to catch buyers. In the technical indicator MACD for a 4-hour cycle, the DIF and DEA have crossed downward at a high level, and the MACD histogram has turned from positive to negative, indicating that short-term bearish strength is increasing.
The relative strength index (RSI) is currently at 45.1, in a neutral to weak area, not yet entering the oversold zone, but there is a risk of continuing to dip. We will wait for this wave of decline to end before entering a long position. The trend indicator EMA shows that the current price has fallen below EMA7 and is approaching EMA30. If it continues to struggle to hold above EMA30, it may further test the support at EMA120. After a volume increase and decline, market observation sentiment has increased, indicating that both long and short positions currently have no strong willingness to enter the market. At this time, Li Ying will not change its thinking; as long as the trend remains unchanged, the strategy will always be mainly low long with high short as a supplement.
Today's Li Ying point prediction
Long position entry at 94,000, add long at 93,000, stop at 92,500, target 97,000.
Short position entry at 97,000, add short at 98,500, stop at 99,000, target 95,000.
The above is a brief analysis by Li Ying regarding the current market conditions for investors' reference $BTC #比特币行情分析