Liying in the currency circle: Bitcoin is a strong signal from multiple forces! Does it mean that it will rebound soon? The latest market analysis

Article release time 2024.12.10—01:10

The current price of Bitcoin is 98100. The bullish momentum has weakened. The market has begun to show signs of a downward correction, but the large-scale trend has not been lost. Therefore, Liying’s idea is to continue to look for the entry point for bulls after the retracement. In yesterday’s article, Liying gave the point of 98000. Finally, she took a profit of 2000 points at the 100,000 mark. She did not enter the short position. She originally chose to arrange the short position above 101500, but the market fell all the way in the evening and fell below 9 8000, the market may further bottom out, so Liying chooses to wait for clear support and continue to enter the market to do more.

Let's look at Liying's analysis. First of all, from the price trend analysis, the current market K-line pattern is oscillating at a high level. Yesterday, a long upper shadow line appeared, indicating that the upper selling pressure is large. From the 6th to the 8th, an obvious rising band was formed, but then it was adjusted back to around 98000. In the four-hour MACD cycle of technical indicators, DIF and DEA are both downward, and the MACD bar chart is negative, indicating that there is a certain short-term pressure, and there is still Possibility of further decline

The relative strength index RSI is currently around 44, in the neutral to weak area, and has not entered the oversold area, indicating that the market sentiment is relatively cautious. The current price of the trend indicator EMA is close to EMA7, but lower than EMA30 and EMA120. The short-term trend is weak, and the medium and long-term still maintains a long position. The trading volume on the 9th was significantly enlarged, especially when the price rose and fell, indicating that the long and short sides were fighting fiercely. However, Liying found that from the overall market, the market activity has increased significantly, so the long trend has always been there, and the short-term The market needs to step back. We can take this opportunity to continue to layout the medium and long term, with long as the main and short as the auxiliary.

Today's Liying point forecast

Long point 96000, 95000 to cover long, stop 94500, target 100K

Short point 100,000, 101,500 to cover short, stop 103,500, target 998 million

The above is Liying's brief analysis of the current market situation for investors' reference$BTC #比特币行情分析