Coin Circle Li Ying: Waiting for Opportunities After the 90,000 Bottom on 12.11! How Bitcoin's Investment Logic Will Reshape! Latest Market Analysis
Article Published on 2024.12.11—00:55
The current price of Bitcoin is 95,800. After posting yesterday, I went to sleep and missed the entry point in my dreams. I didn't enter the market all day because the decision for the main force to take profits was too strong in the short term, and it is also possible that too many chips were targeted above 100,000, leading to back-and-forth liquidations. The major trend support point is at the 90,000 mark, and whether the bulls can hold this position is crucial. Let's look at Li Ying's analysis.
First, let's start with price trend analysis. The current K-line pattern shows a significant pullback at a high level, especially the large bearish candles on the 9th and 10th, indicating strong selling pressure. The daily K-line chart has formed a short-term downward trend, with high points gradually decreasing. In the MACD technical indicator on the 4-hour cycle, MACD is below the zero axis, and both DIF and DEA are diverging downwards, indicating that the current market is in a short-term bearish trend. Aggressive traders can short at the current price, aiming for a space of over 500 points to take profits.
The Relative Strength Index (RSI) is around 36, close to the oversold area, but has not yet entered the extreme zone, suggesting a potential rebound demand. The trend indicators EMA prices are currently below EMA7, EMA30, and EMA120, and the EMA shows a bearish arrangement, further confirming the downward trend in the short term. Looking at the trading volume, there was a significant increase in volume on the 9th, accompanied by a price drop, indicating strong selling pressure. In the following days, trading volume decreased, showing that market sentiment is becoming cautious, and the atmosphere is thick with wait-and-see. Li Ying's suggestion is to wait for the bottom at the 90,000 mark before looking for opportunities to enter the market again, following the major trend. If shorting, be sure to manage risks well.
Today's Li Ying Point Forecast
Long entry at 92,500, add long at 91,500, stop at 91,000, target 95,500.
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 experienced 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, 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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