Cryptocurrency Circle Li Ying: An Unmissable Trend on 10.18! Bitcoin Bullish Arrangement Points to Future Hotspots! Latest Market Analysis

Article Published on 2024.10.18 ---- 07:00 AM

From an overall layout perspective, both positions from yesterday were perfectly reached. The first target was 67,000, and the second target was 66,600. These two were key supports from yesterday. As of the time of writing, Bitcoin's current price is 67,500, and the available space to grasp is less than a thousand points. The overall trend shows an ascending triangle, and the overall trend remains bullish. Li Ying is still optimistic about the upcoming content.

First, from the price trend analysis, the current K-line pattern in the market shows a clear upward trend, especially with a significant increase between the 14th and 16th, which is clearly visible in the market. On the 15th and 16th, long bullish candles were formed, indicating strong market buying pressure. Additionally, the technical indicator MACD in the 4-hour cycle shows both DIF and DEA are in the positive area, but the MACD histogram is starting to shorten, indicating signs of weakening bullish momentum. Therefore, it can be judged that there is insufficient bullish momentum in the short term, and a consolidation break is needed.

The Relative Strength Index (RSI) is currently around 62.1, indicating a possible need for adjustment. The trend indicator EMA prices are above EMA7, 30, and 120, and the EMA shows a bullish arrangement, supporting the overall upward trend. Furthermore, the trading volume in the market significantly increased on the 16th, accompanied by rising prices, indicating positive capital inflow. Therefore, Li Ying's advice remains a strategy focused on low bullish positions, acting in accordance with the trend. The short-term market is in a high-level consolidation phase, and short-term operations can be done in waves.

Today's Point of Reference: Bullish

Long at 66,000, with a stop loss at 65,000, and a target of 67,500.

Short at 68,000, with a stop loss at 69,000, and a target of 66,600.

Reason: Acting in accordance with the trend, a big market means big fluctuations. It is possible to buy high and sell low, but focusing on low bullish positions is more stable. The content of the article is time-sensitive and for reference only; risks are borne by the reader.

The above analysis by Li Ying is based on market data and trend analysis and is for reference only, not constituting investment advice. For family members' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. In this process, Li Ying 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, Li Ying feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

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