Coin Circle Liying: The overwhelming bullish trend of Bitcoin on September 28th: Can it linger above 67000? Latest market analysis and layout!

Article release time: September 28, 2024—07:31

Liying's thoughts on Bitcoin yesterday were to wait for the right opportunity in order to better seize it. Finally, the pressure at the 66500 level appeared, and the short layout was recommended. Due to the trend pressure, Liying's final suggestion is to take profit at 65500, with only a 1000 point space, and to exit when conditions are favorable. Some friends said that they ran too fast without waiting for the downside space to retrace, but Liying does not think so. The bullish trend is strong, and short positions should not be held for long. The key is to layout long positions on retracement support.

Looking at the current K-line pattern of Bitcoin, it shows an upward trend. The K-lines on the 26th and 27th showed significant upward momentum. During the period from the 25th to the 28th, long lower shadows appeared multiple times, indicating that the bullish trend is dominant. Short positions should not be held for too long. Looking at the MACD technical indicator, it is running above the 0 axis, and both DIF and DEA are diverging upwards. The bullish market is still continuing. The RSI value is around 66, further indicating that the bullish trend is not over yet.

Looking at the trend indicators, the short-term EMA7, medium-term EMA30, and long-term EMA120 are all in a bullish arrangement. The trading volume on the 26th significantly increased, and although the volume has fallen in the following days, it still remains at a high level. The overall market is almost irreversibly consolidating at a high level. Although the current trading volume is relatively stable, there are no clear signs of shrinking or expanding volume. Liying still believes that the bullish trend will continue, and after a short-term market retracement, it will continue to stretch.

Today's point prediction:

Long at 65000, add long at 64500, stop loss at 64000, target at 66400

Short at 66500, add short at 67000, stop loss at 67500, target at 65400

Reason: Liying's strategy is simple. After retracement support, long positions can be laid out. Set a good stop-loss point for risk control, and the rest can continue to look at the previous high according to the overall trend. The previous high will gradually be broken, so consider adding short positions above the previous high pressure level.

The content of the article is time-sensitive and is for reference only. Trade at your own risk.

The above is Liying's brief analysis of the current market situation for reference by investors. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating countless valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams to find their own position in this unpredictable market and embark on their journey to success.

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