Liying in the cryptocurrency circle: 12.4 Bitcoin's capital inflow has returned again! The battle between short-term fluctuations and long-term trends! Latest market analysis.
Article published on 2024.12.4—02:05.
The current price of Bitcoin is 95700. Let's review Liying's thoughts from yesterday. The low long strategy is the main focus, as Liying has been emphasizing that in the case of a large trend bullish market, the main strategy is to buy on the dips. This is the main line of thought. Therefore, when Bitcoin tested the bottom at 94000, what we needed to do was execute, ultimately taking profits at 96000 with a 2000-point gain, further verifying Liying's earlier thoughts.
Let's take a look at Liying's subsequent analysis. First, from the price trend analysis, the current K-line shape around 96000 is fluctuating, 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 the support below is obvious. The technical indicator MACD is below the zero axis in the 4-hour timeframe, with DIF and DEA nearing convergence, and the momentum bars are shortening, suggesting that the downward momentum is weakening, and a golden cross may form, continuing the bullish trend.
The relative strength index (RSI) is around 47, not entering the overbought or oversold zone, showing that the current market is relatively neutral, with no extreme emotions. The EMA trend indicator is currently below EMA7 but close to it, while EMA30 and EMA120 are above it. The short-term trend is weak, but there is still some support in the medium to long term, indicating that the bullish trend remains intact without a breakdown. Moreover, with increased trading volume and market activity, it suggests that the main players are in the accumulation phase, and there is a possibility of further stretching to hit the highest point. Therefore, the strategy remains to focus on low long positions, with shorts as a supplement.
Today's Liying's price prediction.
Long entry point at 94000, add long at 93000, stop at 92500, target 97000.
Short entry point at 97000, add short at 98500, stop at 99000, target 95000.
The above is Liying's brief analysis of the current market situation, for investors' reference. Over the past ten years, Liying has continually explored and experienced hundreds of different digital assets. Throughout this process, Liying has witnessed the brilliant bull markets and the bleak bear markets, accumulating countless valuable experiences and profound lessons along the way. 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 ever-changing market and embark on their own successful journey.
The content of the article is real-time and for reference only, with risks borne by the reader.
