Crypto Circle Liying: On December 30, Bitcoin's short strategy successfully soared by 1500 points! What caused Ethereum's 3450 to become a key resistance?
Article published on 2024.12.30—01:30
Current Bitcoin price is 93900, as usual, Liying successfully captured a short at 95500 and took profit at 94000 for 1500 points. For specific practical details, consult the author. After this bottom-finding, Liying will look for opportunities to enter long positions. Liying still analyzes from the price trend perspective. The K-line pattern has shown significant volatility, with multiple long upper and lower shadows. Liying found that there is strong buying and selling power in the market. In recent days, the K-line has shown a trend of oscillating downward,
The technical indicator MACD is below the zero axis, which is a typical bearish trend. The relative strength index RSI indicates a short-term rebound demand, so it is effective to go long on low support. The trend indicator EMA shows a bearish arrangement for short, medium, and long-term moving averages, indicating an overall bearish trend, suggesting further bottom-finding is possible. What we need to do is to enter after finding the bottom.
Today's Liying point prediction
Long entry point 93000, add long at 92000, stop at 91500, target at 95500
Short entry point 95000, add short at 96000, stop at 96500, target at 93500
Crypto Circle Liying: December 30 Ethereum latest market analysis
Current Ethereum price is 3350. Yesterday, the short position at 3450 set by Liying was not reached, so they chose to continue waiting. The lower bottom-finding did not reach the predetermined support, and there was no suitable timing for going long or short. Before the timing arrives, they choose to stay on the sidelines, not rushing to enter, patiently waiting to exchange time for space.
Currently, the K-line pattern is oscillating near 3400, unable to break through the previous high of 3444, with multiple long upper shadows indicating heavy selling pressure above. The technical indicator MACD shows an upward trend, and the short-term bearish strength is weakening, continuing a consolidation trend. The relative strength index does not show obvious overbought or oversold signals. The trend indicator EMA indicates a bearish short-term trend, but Liying still firmly believes in a bullish long-term outlook. Therefore, Liying will wait for another deep bottom-finding before choosing to enter long,
Today's latest point reference
Long entry point 3300, add long at 3250, stop at 3200, target at 3450
Short entry point 3450, add short at 3500, stop at 3550, target at 3350
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