Crypto Circle Liying: 12.6 Bitcoin bulls are still screaming, the future is bright! Don't get off! Latest market analysis
Article published on 2024.12.6—02:20
Current Bitcoin price 101350, Bitcoin sets a new historical record, are the bulls still there? This is the most common message Liying received today, but Liying has set a take-profit at 100,000, so did not capture the space above 100,000. However, with a layout at 93,800, the final profit was realized at 100,000, taking 6200 points, perhaps not enough compared to above, but more than enough compared to below, contentment brings happiness.
Looking at the current market, Liying's price trend analysis shows that the current candlestick pattern has seen a significant rise on the 5-day chart, forming a long bullish candlestick, but it then retraced, indicating strong resistance above. In the 4-hour cycle, the price has repeatedly tested the high point near 103,000 without breaking through, and may face adjustments in the short term. The technical indicator MACD currently shows positive values for both DIF and DEA, which continue to rise. The MACD histogram shows red but with signs of shortening, indicating that upward momentum is weakening, and there is a possibility of entering a consolidation or slight correction phase.
The Relative Strength Index (RSI14) is close to the overbought range at 64.7, suggesting a potential need for a correction in the short term, but overall it remains in a relatively strong zone. The trend indicators EMA7, EMA30, and EMA120 show a bullish arrangement, with the price above all moving averages, and the long-term trend remains positive. Attention should be paid to the support role of EMA7; if it breaks below, it may further test EMA30. Those who haven't entered can wait for a pullback to get in. The trading volume has increased along with significant price fluctuations, indicating improved market activity, and the bullish trend remains steadfast. Liying advises everyone not to change their determination to follow the trend and go long.
Today's Liying price prediction
Long entry point 100,000, 99,000 to add longs, stop at 98,500, target 97,000
Short entry point 103,500, 104,500 to add shorts, stop at 105,000, target 100,000
The above is Liying's brief analysis of the current market situation for investors' reference $BTC #比特币行情分析 $