Coin Circle Liying: Market sentiment is low on September 7, will Bitcoin enter a deep overcooling state? Latest market analysis reference
Article release time 2024.9.7—01:30
Yesterday, Liying reminded everyone to short mainly, short Bitcoin near 56500, stop profit 55500, twice in a row, once before non-agricultural, once after non-agricultural. Before non-agricultural yesterday, Liying said that she would start to choose the direction after non-agricultural. Although both times were 1000 points, fortunately, the profit was secured. It fell below the support point at the expected position. Where is the next entry point? Don't rush to look at the market first
Liying first analyzes the price trend. The current K-line pattern shows an obvious downward trend, especially the continuous multiple negative lines since the 3rd. On the 6th and 5th, there were large long lower shadows, indicating that there was some buying support at low levels. Liying has always reminded us of this. Looking at the MACD technical indicator in the 4-hour period, MACD is in the negative area and the DIF line and DEA line continue to diverge downward, indicating that the short-selling force is strong.
The daily level also shows that the shorts are dominant. Looking at the 4-hour period RSI value is 30.5, close to the oversold area, but has not yet entered the extreme oversold state; the daily level RSI is also at a relatively low level, indicating that market sentiment is weak. Trend indicator EMA: The current price is below EMA7 and EMA30, indicating that both short-term and medium-term moving averages are suppressed, and EMA120 is further away from the current price, further confirming the downward trend.
So based on a comprehensive judgment, Liying still recommends going short at the upper pressure level. Now the market is mainly short, so we have to wait for the support level to be effective and then make more arrangements. Which direction comes out, we will do that. This is more flexible and there is more room to grasp.
Today's Liying point forecast
Go long at 53000, cover long at 52000, stop loss at 51500
Go short at 56000, cover short at 57000, stop loss at 57500
The content of the article is real-time and for reference only. Risks are borne by the investor
