Cryptocurrency Circle Liying: The Bitcoin bull market on November 30 is not over yet! How to find entry opportunities amidst volatility? Latest market analysis
Article published on 2024.11.30—01:45
The current price of Bitcoin is 97,250. Let's first review Liying's real-time strategy, which suggested a short at 98,000. Before publishing, I took profits at 97,000. The reason is simple: I won't hold a short position for too long because the larger trend remains bullish, and the main force could pull up at any time. At this moment, the strategy is to trade ultra-short with stop losses to capture small movements. Unfortunately, I couldn't find a suitable support level to enter a long position. It's clear that the main force's pullback is not strong enough, as they don't want too many retail investors to get on board.
Looking at today's market, Liying is still analyzing the price trend. The current candlestick pattern is fluctuating within the 97,000 to 98,000 range, forming a consolidation pattern. A long lower shadow appears on the daily candlestick, indicating strong buying support. The trend continues, and the bullish sentiment remains unchanged. In the technical indicators, the MACD on the 4-hour cycle shows both DIF and DEA are positive and gradually rising, with the MACD histogram displaying red, indicating an increase in short-term bullish strength.
The current Relative Strength Index (RSI) is at 56.5, in a neutral to strong area, not entering overbought or oversold territory, indicating that there is still room for upward movement in the market. The trend indicator EMA price is currently above EMA7 but close to this moving average. EMA30 and EMA120 are far below the current price, showing a short-term upward trend, and the medium to long-term trend remains good. The strategy continues to focus on low longs, while high shorts are secondary. Additionally, the increasing trading volume indicates heightened capital activity, with no significant signs of contraction or expansion. Liying's strategy remains unchanged, focusing on low longs and high shorts.
Today's Liying point predictions:
Long entry at 96,000, add long at 95,000, stop at 94,500, target 98,000.
Short entry at 98,000, add short at 99,000, stop at 99,500, target 95,500.
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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