Cryptocurrency Circle Liying: The bullish trend for Bitcoin remains unchanged as of December 19, with an entry opportunity at 103,500. Latest market analysis.

Article published on December 19, 2024 — 01:05 AM

The current price of Bitcoin is 103,900. The opportunity has arrived; the large-scale bullish trend remains unchanged. The main force's liquidation of long positions this time is our opportunity. Entering at 103,500 and holding is sufficient. Liying has always firmly believed in going with the trend and following the main force. Let time prove that our choice is not wrong. At least for the past three months, we have been doing just that, haven't we?

Looking at the current market, Liying still analyzes from the price trend. The candlestick pattern on the order book is still oscillating at a high level. There was significant volatility from the 16th to the 18th, forming a combination of long upper and lower shadows, indicating fierce competition between bulls and bears. The daily chart shows a clear upward trend from the 15th to the 17th, but then a pullback occurred on the 18th, presenting a short-term top signal. However, the four-hour MACD technical indicator shows that the MACD histogram has turned from positive to negative, and the DIF line has crossed below the DEA line, indicating short-term pullback pressure.

The current Relative Strength Index (RSI) is at 49.2, close to the neutral zone. It previously entered the overbought range before retreating, showing that current market sentiment is cautious. The EMA trend indicator price has fallen below EMA7 but remains above EMA30, while EMA120 is far below the current price level. The long-term trend still looks bullish, but short-term adjustments may be faced. The trading volume has increased significantly, accompanied by a substantial price rise, indicating strong capital momentum, which shows that the bullish trend is still in place. The strategy remains focused on low long positions, with high short positions as a supplement.

Today's Liying point prediction:

Long entry at 103,000, add long at 102,000, stop at 101,500, target at 105,500.

Short entry at 106,000, add short at 107,000, stop at 107,500, target at 103,500.

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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