Cryptocurrency Circle Liying: Bitcoin Bulls Emerge on 11.18! Successful Bottom Fishing at 89000! Follow the Trend! Latest Market Analysis
Article Published on 2024.11.18—08:35
Current Bitcoin Price: 90000. Let's review Liying's thoughts from yesterday. Those who were waiting to enter at 89000 have done so. Currently, the pullback has broken the 90000 mark, and the stretch is not over yet, so there is no rush to exit. The bullish trend remains unchanged, so Liying's strategy is still to follow the trend and go long.
From the price trend analysis, Liying observes that the K-line pattern is oscillating around 90000, forming a high-level consolidation pattern. The daily K-line shows a long lower shadow on the 15th, followed by a rebound, indicating strong support below. In the technical indicators, the MACD on the 4-hour cycle shows both DIF and DEA are negative, but the MACD histogram is gradually shortening, which may suggest a weakening of bearish momentum.
The Relative Strength Index (RSI) is currently hovering around 50, not entering the overbought or oversold zones, indicating a relatively balanced market. The trend indicator shows the current price is below EMA7, close to EMA30 and EMA120, which are far below the current price. The long-term trend remains upward, so overall analysis indicates a bullish trend. In trading, we naturally follow the trend, and trading volume has decreased, with market sentiment stabilizing.
Today's Liying Point Predictions
Long Entry at 89000, add long at 88000, stop at 87500, target 91000
Short Entry at 91000, add short at 92000, stop at 92500, target 89000
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 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 unpredictable market and embark on their own journey to success.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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