Liying in the Crypto Circle: Latest Market Analysis of Bitcoin at 12.25
Article Published on 2024.12.25 — 01:30
The current price of Bitcoin is 98,800. It is obvious that it is beginning to challenge the 100,000 mark. The bulls have returned after breaking through 95,000, but it is a pity that the bulls at 93,000 took profit at 96,000, leaving only a small position held, which is better than nothing. We are looking forward to seeing if this wave of bulls can break through 100,000 and then break the historical record.
Liying is still the same, let's first analyze the price trend. Currently, the K-line pattern shows a clear upward trend, especially as the price quickly rose from 94,400 to 98,800. The daily line formed a long bullish line breaking from bearish to bullish. In the technical indicator MACD on the 4-hour cycle, the DIF line has crossed above the DEA line and the MACD histogram has turned from negative to positive, indicating a bullish signal.
The current Relative Strength Index (RSI) is 57.9, which is in a neutral to high position, not yet in the overbought zone, but close. Attention should be paid to whether it will continue to rise or pull back. The trend indicator EMA short-term EMA7 has crossed above the medium and long-term EMA30 and EMA120, showing a bullish arrangement, supporting the upward trend. The trading volume has significantly increased, enhancing market activity, with bulls dominating the overall situation. In summary, Liying's strategy is shifting; it is mainly following the dominant bulls and supplementing with shorts.
Today's Liying Point Prediction
Buy Point 97,000, add long at 96,000, stop at 95,500, target 100,000
Sell Point 100,000, add short at 101,500, stop at 102,000, target 99,000
