Cryptocurrency Circle Liying: 10.14 Repeated History? Can Bitcoin Break Out of Its Cycle and Rise Again Amidst Fluctuations? Latest Market Analysis

Article Published on 2024.10.14—08:45

Bitcoin is consolidating at a high level. Yesterday, Liying set the first target at 62000, and the highest subsequent target only reached 63200, with a trading range of about a thousand points, which is not very large. It can only be said that there is profit to be made. After the daily and weekly close at eight o'clock in the morning, the K-line opened low and showed a relatively weak trend. It is expected that the market will continue to trend sideways. Let's look at Liying's next statements.

Currently, the K-line pattern on the market is fluctuating at a high level, with multiple K-lines showing long upper shadows, indicating heavy selling pressure above. The daily level has formed a small double top structure, with the neck line around 62500. The technical indicator MACD histogram on the 4-hour cycle has turned from positive to negative, and the DIF and DEA are close to the zero axis, indicating a weakening of momentum in the short term and a risk of pullback. This is a point that needs attention; it is advisable to wait for a clear support level after a pullback before entering the market.

The Relative Strength Index (RSI) is hovering around 50, indicating that the market is in a neutral state. The trend indicator shows the current price is below the EMA7 but still above the EMA30 and EMA120. The short-term trend is slightly bearish, while the medium to long-term trend remains upward. Let's take a look at the trading volume, which shows a strong wait-and-see sentiment. During the previous upward movement, there was an increase in volume, while the recent adjustment phase has seen a decrease in volume, indicating a weakened willingness for capital inflow. This means that there will not be strong momentum in the short term, and the probability of consolidation or a downward trend is greater.

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

Long Entry at 62000, add long at 61000, stop loss at 60500, target at 63500.

Short Entry at 64000, add short at 65000, stop loss at 65500, target at 62500.

Reason: In a sideways trend, small ranges can occasionally be traded, but do not trade frequently. Learn to wait for opportunities and temporarily wait for signals to appear before taking action. The content of this article is time-sensitive 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 unpredictable market and embark on their own journey to success.

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。