In the cryptocurrency circle, Liying: 12.4 Bitcoin's volume of funds has returned again! The game between short-term fluctuations and long-term trends! Latest market analysis
Article published on 2024.12.4 at 02:05.
Current Bitcoin price is 95700. Let's review Liying's thoughts from yesterday, primarily a low-buy strategy, as Liying has been emphasizing that in the context of a large-scale bullish trend, the main strategy is to buy on dips. Therefore, when Bitcoin bottomed out at 94000, what we needed to do was execute the strategy, eventually taking a profit of 2000 points at 96000, further validating Liying's earlier thoughts.
Looking at Liying's next analysis, first from the price trend analysis, the current K-line pattern around 96000 is oscillating with strong upper and lower shadows, indicating fierce competition between bulls and bears in the market. The daily chart shows consecutive bearish candles, reflecting significant selling pressure in the short term, but there is clear support below. The technical indicator MACD is below the zero axis on the 4-hour chart, with DIF and DEA close to convergence, and the momentum bars are shortening, suggesting a weakening of the downward momentum, which may form a golden cross, continuing the bullish trend.
The relative strength index (RSI) is around 47, not in the overbought or oversold range, indicating that the current market is relatively neutral without extreme emotions. The EMA trend indicator price is currently below EMA7 but close to it, while EMA30 and EMA120 are above it. The short-term trend is weak, but the mid to long-term still has certain support, indicating that the bullish trend is still intact. Additionally, the increased trading volume shows greater market activity, indicating that the main players are in the accumulation phase, ready to stretch and challenge the highest point at any time. Therefore, the strategy remains focused on low buying and supplementary selling.
Today's Liying point prediction
Long buying point 94000, add long at 93000, stop at 92500, target 97000
Short selling point 97000, add short at 98500, stop at 99000, target 95000
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 various digital assets. Throughout 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 responsibility to share her insights, hoping 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 real-time and for reference only, risks are borne by the reader.
