Cryptocurrency Circle Liying: 10.5 Bitcoin Frequently Bounces Back, Keeping Up with Market Rhythm! Latest Market Analysis

Article Published on 2024.10.5—13:10

The Bitcoin trend is basically the same as mentioned in yesterday's article, still within the range. Naturally, within the range, we short at highs and long at lows, looking for more above 60,000, with a target of 62,500. There are enough fruits to pick in between, and how much can be picked depends on everyone's expertise. Let's take a look at today's market.

Currently, the price trend shows that the four-hour K-line pattern is oscillating at a high level. After a long lower shadow on the 4th, it rebounded, indicating some buying support. The daily K-line shows significant volatility, with the overall trend leaning towards wide-range oscillation. The MACD technical indicator is currently below the zero axis but shows signs of convergence, suggesting a potential rebound demand in the short term.

The RSI indicator is currently close to 50, indicating that the market does not have a clear overbought or oversold state. The EMA7 and EMA30 are interlaced, with the 120-period EMA forming pressure above. The short-term moving averages are slightly flattening, indicating a consolidation pattern. Therefore, overall, Liying concludes that the trend is still primarily consolidation, and the strategy remains to trade in waves.

Today's Point Prediction: Liying's Judgment (Sideways)

Long Entry at 61,000, add long at 60,000, stop loss at 59,500, target 62,500

Short Entry at 63,000, add short at 64,000, stop loss at 64,500, target 61,500

Reason: Short at previous highs, long at previous lows, with stop loss points outside of pressure and support. The content of the article is real-time and for reference only; risks are borne by the reader.

The above is Liying's brief analysis of the current market situation for investors' reference. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying has experienced the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。