Crypto Circle Liying : 12.4 Bitcoin Volume Funds Return Again ! Short-term Fluctuations and Long-term Trend Game ! Latest Market Analysis
Article Published on 2024.12.4—02:05
Current Bitcoin Price 95700, let's review Liying's thoughts from yesterday, primarily a low long strategy, the reason Liying has been emphasizing is that in the case of a large-scale bullish trend, the main idea is to buy on dips, this is the main line of thought, so when Bitcoin tests the bottom at 94000, what we need to do is execute, finally taking profits at 96000 with a gain of 2000 points, further validating Liying's earlier thoughts
Now, let's look at Liying's upcoming analysis, first from price trend analysis, the current market K-line shape is fluctuating around 96000, with strong upper and lower shadows, indicating intense market competition between bulls and bears, 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 on the 4-hour chart is below the zero axis, with DIF and DEA close to merging, and the momentum bars are shortening, suggesting a weakening of the downward momentum, possibly forming a golden cross, continuing the bullish trend,
The Relative Strength Index (RSI) is around 47, not entering the overbought or oversold zones, indicating a relatively neutral market with no extreme emotions. The EMA trend indicator price is currently below EMA7 but close, while EMA30 and EMA120 are above it, indicating a weak short-term trend, but there is still some support in the medium to long term, suggesting that the bullish trend remains intact as it has not broken down, combined with increased trading volume indicating heightened market activity, suggesting that the main force is in the accumulation phase, and there is a possibility of further stretching to hit the highest point, so the strategy remains primarily low long, with short as a supplement to layout
Today’s Liying Point Prediction
Long Entry Point 94000, 93000 add long, Stop 92500, Target 97000
Short Entry Point 97000, 98500 add short, Stop 99000, Target 95000
The above is a brief analysis by Liying regarding the current market situation for investor reference $BTC #比特币行情分析