Cryptocurrency Circle Liying: Who can stop Bitcoin's rise on December 18? How much more upward potential is there to look forward to? Latest market analysis.

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1 year ago

Cryptocurrency Circle Liying: Who Can Stop Bitcoin's Rise on 12.18? How Much More Upside Potential Is There to Look Forward To? Latest Market Analysis

Article Published on 2024.12.18—01:25

The current price of Bitcoin is 107,500, the bullish trend continues, and Bitcoin has once again broken its historical record, surpassing 108,000, getting very close to 110,000. Do not doubt the determination of the main players, do not guess the peak. Remember Liying's survival rule: follow the trend and steadfastly execute this strategy. By following the main players, this market will maintain a high win rate and a stable operating model. This pullback has clearly reached a new support point at 106,000. Since the support is effective, why not enter the market? Now that you have entered, there is at least a 1,500-point space available.

Looking at the current market, Liying still starts the analysis from the price. The continuous bullish candlestick patterns show a strong upward trend in the market. Between the 16th and 18th, there were multiple long lower shadows, indicating strong support below. The MACD technical indicators DIF and DEA are both above the zero axis, and the MACD histogram is positive, showing strong bullish momentum.

The Relative Strength Index (RSI14) is close to the overbought zone but has not entered the extreme area, indicating that there is still some upside potential in the market. The trend indicators show that the price is above EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages in a bullish arrangement, supporting the current upward trend. The trading volume on the 16th significantly increased, accompanying the price breakout, indicating active capital entry, but overall remains at a high level, showing that market participation is still high. At this time, it is important to strengthen your beliefs, hold onto your bullish positions, and do not exit casually. For those shorting, set your stop-loss and be clear about the pressure, entering and exiting quickly.

Today's Liying Point Forecast

Long Entry Point: 106,000, Add Long at 105,000, Stop Loss at 104,500, Target 108,000

Short Entry Point: 108,000, Add Short at 109,000, Stop Loss at 110,000, Target 106,000

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 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, 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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