Crypto Circle Li Ying: Is the Bitcoin Bull Market Still Alive on December 9? Seizing Opportunities in a Dull Moment! Latest Market Analysis

Article Published on 2024.12.9—01:00

Current Bitcoin Price: 99890, is it as Li Ying said, sideways over the weekend? Yesterday it was also below one hundred thousand, and today before publishing it is again below one hundred thousand, going back and forth in this range, how to position today? Is the bull still there? Will there be another washout and plunge? There are various questions, everyone is speculating on market trends, neglecting the current trend. Li Ying said to believe in the trend, follow the trend, only then will we not be liquidated by the market.

Looking at the order book, Li Ying is still analyzing from the price trend. Currently, the K-line pattern around 100000 is fluctuating, forming a relatively obvious range consolidation pattern. On the 6th, a long lower shadow bearish candle appeared, showing strong support below. The technical indicator MACD shows that both DIF and DEA are above the zero axis, but the MACD histogram is showing a shortening trend, indicating that bullish momentum is weakening, and it may enter an adjustment phase.

The Relative Strength Index is currently around 55, not entering the overbought or oversold range, and market sentiment is relatively neutral. The trend indicator EMA is fluctuating around EMA7, while EMA30 and EMA120 are diverging upwards, indicating that the overall trend is still bullish, but may face adjustment pressure in the short term. The trading volume in the order book has decreased, compared to the previous high volume, market activity has decreased significantly. After the volume drop on the 6th, trading volume is gradually shrinking, indicating increased market wait-and-see sentiment. It is expected that Monday's market will not show a clear direction and will still fluctuate, suitable for a short-term strategy of high selling and low buying.

Today's Li Ying Point Prediction

Long Entry at 99000, add long at 98000, stop at 97500, target 101000

Short Entry at 102000, add short at 103000, stop at 103500, target 100000

The above is a brief analysis by Li Ying on the current order book market for investors' reference $BTC #比特币行情分析