Cryptocurrency Circle Liying: A Bullish Feast at the 100,000 Bitcoin Milestone on November 23! Every pullback is an opportunity! Latest Market Analysis
Article published on 2024.11.23—01:15
The current price of Bitcoin is 99,140. How much have you gained from the idea of continuing to go long on pullbacks? Before Liying's release, it was over 97,500, and profits were taken at 99,000. After waiting for a pullback, we continue to trade in the direction of the trend. As long as you follow the trend and act accordingly, you too can maintain a high win rate like Liying and let your profits run. Do not doubt the determination of Bitcoin to break the 100,000 mark, and do not speculate; we are simply following the trend.
From Liying's price trend analysis, it can be seen that the current candlestick pattern still shows a clear upward trend, especially with the large bullish candles from yesterday and the day before. In the 4-hour cycle, there have been multiple long lower shadows, indicating strong buying support. The bullish main force has been increasing, and funds have been continuously flowing in. The technical indicator MACD in the 4-hour cycle remains above the zero line, with both DIF and DEA diverging upwards, indicating that the current market is in a bullish trend. Liying believes this is beyond doubt; the trend has always been like this.
The Relative Strength Index (RSI) is close to 70 but has not entered the overbought zone, indicating that upward momentum still exists but caution is needed for potential pullback risks. Since there is a risk of a pullback, that presents our opportunity. After the pullback, we will continue to enter the market. The trend indicators EMA prices are currently above EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages showing a bullish arrangement. Liying supports a continued bullish outlook, and the overall trading volume remains at a high level, indicating high market activity. The strategy remains unchanged: primarily going long in line with the trend, with short positions as a supplement.
Today's Liying Point Forecast
Long entry at 98,000, add long at 97,000, stop at 96,500, target 100,000.
Short entry at 100,000, add short at 101,500, stop at 102,000, target 98,000.
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 successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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