Cryptocurrency Li Ying: Is there a bottom opportunity for Bitcoin on 12.31? Ethereum may face great volatility! Latest market analysis
Bitcoin
Release time 2.31—01:00
Current Bitcoin price 92000, the bears have finally arrived as expected, Li Ying did not catch this wave of bears, in a market of chasing highs and cutting lows, Li Ying generally chooses to wait for opportunities, this wave of bottom testing is our opportunity, entering long at 91700 also raises some doubts, so Li Ying chooses to defend at 90500, if it breaks below 90000, Li Ying will choose to exit
Looking at the current market K-line shape showing a downward trend with fluctuations, having consecutively closed with long lower shadows for two days, indicating certain support below, since 91500 support is effective, there is no need to hesitate, the technical indicator MACD shows that the bear's strength is dominant, but the recent K-line histogram has shortened, so Li Ying judges that there may be a rebound, the Relative Strength Index (RSI) also shows a technical rebound demand, the trend indicator EMA indicates an overall bearish trend, short-term bearish is a settled matter, so bulls should pay attention to whether the pressure around 95000 is strong enough,
Price Prediction
Long entry point 91500, supplement long at 90500, stop loss at 89500, target 94500
Short entry point 94500, supplement short at 95500, stop loss at 96000, target 92000
Ethereum
Current Ethereum price 3340, Li Ying entered at 3300, whether it can cash out later is still uncertain, for now, we can only choose to hold patiently, currently, the K-line shape in the market is fluctuating within the range of 3300 to 3400, showing a general oscillation trend, the market has strong selling pressure and support, so Li Ying chooses to enter long at the support point
The technical indicator MACD histogram shows some signs of rebound, a short-term adjustment may happen, plus the RSI has not entered overbought or oversold zones, the trend is not obvious, the trend indicator EMA indicates that it is still in a downward trend in the medium to long term, the overall trend leans towards oscillation, it will move within a range, at this time it is suitable for swing trading, the idea of shorting at highs and going long at lows remains unchanged
Price Reference
Long entry point 3300, supplement at 3250, stop loss at 3200, target 3400
Short entry point 3400, supplement at 3450, stop loss at 3500, target 3300
The content of the article is real-time, for reference only, risks are borne by oneself
$BTC
