Crypto Circle Liying: Bitcoin fluctuates endlessly at 12.29! Ethereum stirs up waves again! A layout opportunity you cannot miss!
Article published on 2024.12.29—03:15
Current price of Bitcoin is 94850. Liying first analyzes the price trend. The current candlestick pattern fluctuates around 95000, which is a typical downward trend. The previous high was 99950 yuan on the 26th, and the low was 93440 yuan on the 27th. The technical indicator MACD shows strong bearish strength, but there are signs of contraction, indicating a potential rebound,
The Relative Strength Index RSI14 currently stands at 44.5, indicating some pullback pressure. The trend indicator EMA shows bearish alignment in the short-term, mid-term, and long-term moving averages. Therefore, Liying's trend remains bearish, and the strategy of shorting on highs remains unchanged. Trading volume indicates increased market activity. After a volume-driven decline, trading volume has gradually decreased, indicating reduced selling pressure and stabilizing market sentiment. Overall trend is bearish.
Today's Liying price prediction
Long entry at 94000, add long at 93000, stop at 92500, target 95500
Short entry at 96000, add short at 97000, stop at 97500, target 94000
Latest Ethereum market analysis
Current price of Ethereum is 3400. The candlestick pattern indicates fluctuations within the 3300 to 3400 range, showing an overall oscillating trend. After a previous sharp drop, there are signs of a rebound, but there is significant pressure above. The technical indicator MACD shows weakening bearish strength and golden cross signals, suggesting bulls may gain strength. However, the overall trend remains bearish, so the strategy is to primarily short at resistance levels.
The Relative Strength Index RSI14 is close to 50, showing no clear overbought or oversold signals. The EMA trend indicator currently places the price above EMA7, but below EMA30 and EMA120. Although there are hints of bullishness in the short-term trend, the mid to long-term trend remains bearish. Additionally, Liying has observed that the recent candlestick trading volume is relatively stable, with no significant increase or decrease, which is likely a bullish trap indicator. The strategy remains to short at resistance levels and consider going long only after finding a bottom.
Today's latest price reference
Long entry at 3350, add at 3300, stop at 3250, target 3450
Short entry at 3450, add at 3500, stop at 3550, target 3350
