Cryptocurrency Circle Liying: Capture the Pullback Opportunity on 10.27! Bitcoin Current Price 67000, Flexibility is Key Today! Latest Market Analysis

Article Published on 2024.10.27----01:00

Bitcoin's current price is 67000. Yesterday, Liying suggested going long at 66200, and now there is an 800-point range for everyone to consider taking profits. The market has already moved, and it's easy to see whether it's true or false. For more practical records and references, feel free to consult the author. Since yesterday's article was also published in the early morning, today’s is at the same time for your reference.

First, Liying analyzes the price trend. Currently, the K-line pattern in the market is oscillating at a high level, with multiple long upper and lower shadow K-lines indicating market divergence. The daily chart shows a significant fluctuation range from the 24th to the 26th, with a high near 68800 and a low of 65560. The technical indicator MACD in the 4-hour cycle shows that the histogram has turned from negative to positive and then back to negative, indicating insufficient upward momentum in the short term. Both DIF and DEA are below the zero axis.

The relative strength index currently hovers between 40 and 50, not entering the overbought or oversold zones, indicating that the market is in an adjustment phase. The trend indicator EMA shows the current price slightly below EMA7 but still above EMA120, indicating a long-term upward trend, though there is short-term pullback pressure. The decrease in trading volume suggests a relative weakening of buying power, and the market is likely to enter a consolidation phase in the short term.

Today's Point of Reference: Low Long

Long at low 66000, with a stop loss at 65000 and a target of 68000.

Short at high 68000, with a stop loss at 69000 and a target of 67000.

Reason: This position is still at the EMA120 support level, which is also a round number. Liying believes it may form strong support. Additionally, there is selling pressure in the recent high point area. The content of this article is time-sensitive and for reference only; risks are borne by the reader.

The above analysis is based on market data and trend analysis from Liying, for reference only, and does not constitute investment advice. For family members' reference. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying has witnessed 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.

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