Cryptocurrency Circle Liying: Don't Miss the Low Position Layout on December 3rd! Seize the Golden Buying Point of Bitcoin at 94,000! Latest Market Analysis
Article Published on December 3, 2024 — 01:45 AM
Current Bitcoin price is 95,200. Which side of the long and short positions did everyone take? Reviewing yesterday's article, Liying suggested 96,000 with a target of 98,000 for profit-taking, and then shorted again at 96,000 to continue taking profits of 2,000 points. How to choose the next entry point? It must be in line with the trend; the bullish trend naturally means waiting for a low position to lay out bullish thoughts. Let's look at the upcoming analysis.
From the price trend analysis, Liying observes that the current K-line pattern on the market shows a clear downward trend, especially after the significant pullback on the 2nd, where the price failed to rebound effectively. The daily chart shows a combination of long upper shadows and bearish candles, indicating heavy selling pressure above, with the main force likely taking profits, and possibly reversing to buy. In the technical indicators, the MACD on the 4-hour cycle shows a death cross between DIF and DEA at high levels, and the MACD histogram has turned from positive to negative, indicating an increase in bearish strength in the short term.
The Relative Strength Index (RSI) currently stands at 45.1, in a neutral to weak area, not yet in the oversold zone, but there is a risk of further decline. We will wait for this wave of decline to end before entering long positions. The trend indicator EMA shows that the current price has fallen below EMA7 and is approaching EMA30. If it continues to fail to stabilize above EMA30, it may further test the support of EMA120. After a volume increase and a price drop, market sentiment has turned cautious, indicating that both bulls and bears currently have no strong willingness to enter the market. At this time, Liying will not change her strategy; as long as the trend remains unchanged, the approach will always be primarily bullish at low levels, with short positions as a supplement.
Today's Liying Point Forecast
Long Entry at 94,000, add long at 93,000, stop at 92,500, target 97,000
Short Entry at 97,000, add short at 98,500, stop at 99,000, target 95,000
The above is a brief analysis by Liying regarding 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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