Cryptocurrency Li Ying: Bearish sentiment on the brink of explosion on 12.23! Can Bitcoin find support at 94000? Latest market analysis

Article published on 2024.12.22—06:10

Current Bitcoin price is 94300, Li Ying's real-time data from yesterday at 97000 was cashed out at 94500 before publication, with less than two hours until the weekly and daily close, I do not recommend entering the market again, the short-term bearish momentum is too strong, wait for key levels to consider entering, continue to observe

Looking at the market, Li Ying is still analyzing from the price trend, the current candlestick pattern shows a clear downward trend, especially after the significant drop on the 20th and 19th, market sentiment is bearish. In the 4-hour cycle, the price formed a short-term high near 97000 and continued to decline, currently approaching the 95000 integer level. The technical indicators MACD currently show both DIF and DEA as negative, and the MACD histogram is also in the negative area, indicating that the market is still in a weak state.

The Relative Strength Index (RSI) is currently around 35.9, close to the oversold area but has not yet entered an extreme oversold state, suggesting there might be a technical rebound demand. The trend indicators EMA7, EMA30, and EMA120 show a bearish arrangement, with the price below all moving averages, indicating strong downward pressure. The trading volume in the 4-hour cycle is relatively stable, without significant signs of increased or decreased volume. Li Ying's approach is the conventional idea of buying on dips and selling on highs.

Today's Li Ying level prediction

Buy point at 95000, add long at 94000, stop at 93500, target at 98500

Sell point at 98000, add short at 99000, stop at 99500, target at 96500

The above is Li Ying's brief analysis of the current market situation for investors' reference $BTC #比特币行情分析