Coin Circle Liying: Look at 9.29! Bitcoin is consolidating wildly around 66000! How to lay out in high-level consolidation? Latest market analysis

Article release time 2024.9.29—10:35

During the high-level consolidation over the weekend, there was no opportunity to go long at 65000, and it has been contracting at high levels, with the market concentrated near the 66000 level. Take this opportunity to rest and take a look at today's market. Currently, the four-hour market trend shows a oscillating upward trend, and the overall trend has been consolidating at high levels, which is a relatively strong bullish trend. In addition, a clear support level was formed near 65000 in the previous period, and the current price is hovering around 66000.

Now let's look at the technical indicators: the MACD fast and slow lines are both running above the zero axis, and the DIF is slightly higher than the DEA, indicating that the market sentiment is mostly bullish at the moment. Liying reminds that there is a risk of a major market retracement. The RSI14 is currently around 63, indicating that the bullish trend has not yet completed. The trend indicator EMA shows a bullish arrangement, and the price continues to run above the EMA7, indicating a clear upward trend. At this time, just need to be prepared for a retracement without breaking the support level and consider going long. The rest is to wait for a decisive entry point for the trend.

Combining the market analysis, Liying judges that today's market is likely to continue the high-level consolidation trend, with not too much volatility. The strategy is to wait. Yes, Liying's advice is simply to wait for opportunities, wait for pullbacks, and wait for breakthroughs.

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 very simple, similar to yesterday's, after the retracement to the support, long positions can start to be laid out. Set good stop-loss points for risk control, and continue to look at the previous high. According to the overall trend, the previous high will gradually be broken through, so considering adding short positions above the previous high pressure level.

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

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 striving 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 own journey to success.

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