Cryptocurrency Circle Li Ying: The Bitcoin bull market at 12.2 is still ongoing! The large-scale trend remains strong! Latest market analysis

Article published on 2024.12.2—03:10

The current price of Bitcoin is 97,200. Li Ying asks everyone if they have gotten on board this wave. For two consecutive days, I reminded everyone to get in at 96,000. Although I took profits at 97,000 for a 1,000-point gain, I did not exit completely; there is still a portion that remains. The goal is simple: to observe the momentum towards the 100,000 mark before making a decision, as the large-scale trend is still bullish. The current frenzy has ended, but it is still a bull market, and in a bull market, the main strategy is to go long and follow the trend.

Li Ying continues with price trend analysis. Currently, the market's K-line is fluctuating within the range of 97,000 to 98,000, forming a relatively stable oscillation zone. A small bullish candle with a long lower shadow has appeared on the daily K-line, indicating that there is some buying support below. In the technical indicators, the MACD on the 4-hour cycle shows that the DIF and DEA are close to the zero axis, and the MACD histogram has turned from negative to positive, suggesting that a rebound phase may be entering in the short term. Li Ying reminds everyone to pay attention to subsequent changes in trading volume.

The current Relative Strength Index (RSI) is 56.9, which is in the neutral zone and has not entered overbought or oversold territory. Market sentiment is relatively stable. The trend indicator EMA7 has crossed above EMA30 and is far above EMA120, indicating a bullish short-term trend, but caution is needed for potential pullback risks. The trading volume has increased, indicating heightened market activity. At this point, we should not doubt whether the bull market is still present, but rather consider where the bull will go. Is 100,000 the peak? Where will it go after breaking that level? After all, moving from five digits to six digits is a significant progression.

Today's Li Ying's point prediction

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 a brief analysis by Li Ying regarding the current market situation for investors' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying 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, Li Ying feels a responsibility to share her insights and hopes 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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