Cryptocurrency Circle Liying: The Incredible Bitcoin on November 12, Investors Across the Network Are Bullish on 100,000! Latest Market Analysis

Article Published on 2024.11.12 ---- 09:00 AM

The current price of Bitcoin is 88,888. Everyone can witness history upon waking up, witnessing the madness and extreme greed of the cryptocurrency market. Before this article was published, the highest point had already reached 89,800, just a step away from 90,000, and only 10,000 away from 100,000. If the current trend continues, it will take just two days to reach the 100,000 mark. Liying will not always choose to hold positions but will take profits at a certain point and re-enter after a pullback to support, ensuring safety while capturing enough space.

Looking at today's market, first, let's discuss the price trend. The current K-line pattern is in a rapid rising phase. This obvious upward trend should not be hesitated upon; one should follow the trend, just like Liying, who has been consistently trading with the trend. This month has a 100% win rate, with multiple bullish candles appearing in the 4-hour cycle, indicating strong market buying pressure. Therefore, Liying remains firmly bullish.

The technical indicator MACD in the 4-hour cycle shows both DIF and DEA moving upwards, and the MACD histogram remains positive. This indicator indicates strong bullish momentum. The Relative Strength Index (RSI14) is in the overbought zone with no signs of a pullback, suggesting that the current market is still in a strong upward trend. Additionally, the trend indicators show a bullish arrangement, with short-term moving averages above long-term moving averages, further confirming the upward trend and validating Liying's judgment.

Another point worth noting is that the trading volume in the 4-hour cycle significantly increased when breaking through key resistance levels, indicating that major funds are entering the market in large quantities, which is rare in history. In a bull market, there is no top; when encountering support, one should go long, ensuring to set stop-loss orders for safety first.

Today's Reference Points:

Long Entry at 87,000, Stop Loss at 86,000, Take Profit at 85,500

Short Entry at 90,000, Stop Loss at 91,000, Take Profit at 88,000

The above analysis by Liying is based on market data and trend analysis and is for reference only, not constituting investment advice. It is provided 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 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 assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.

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