Coin Circle Li Ying: Bullish Confidence Shaken on 12.22! Should Bitcoin's Bottom-Fishing Strategy Be Adjusted? Latest Market Analysis

Article Published on 2024.12.22—13:20

The current price of Bitcoin is 96,200. After a day of team building over the weekend, although there weren't many people, everything that should be there was present. This week, there were two consecutive bottom-fishing attempts that were swept out, but overall, a profit space of 26,000 points was achieved. When two consecutive bottom-fishing attempts are swept out, one must start to doubt whether the bulls are still present. The mindset should not be limited to only going long or only going short; rather, when a trading signal appears at a certain position, one should act regardless of whether it is bullish or bearish.

From the price trend analysis, the current K-line pattern shows a clear downtrend, especially with significant bearish candles appearing on the 20th and 21st. In the 4-hour cycle, the price has retreated from a high position and formed short-term support around 96,000. The current MACD histogram is positive, but both the DIF and DEA are in the negative zone, indicating that bearish strength remains strong, and attention should be paid to whether a golden cross signal will appear.

The Relative Strength Index (RSI) is currently around 38, close to the oversold range, which may indicate a demand for a rebound, but overall it is weak. The trend indicators EMA7, EMA30, and EMA120 show a bearish arrangement, and the price has fallen below all major moving averages, indicating sustained downward pressure. Daily trading volume has decreased after peaking on the 20th, suggesting that selling pressure has eased but buying has not significantly increased. In the 4-hour cycle, trading volume fluctuates greatly, indicating fierce competition between bulls and bears. The current market is suitable for swing trading, and since the price is at a low level, after probing the bottom, one can start to go long, and consider going short once it stretches near the resistance level.

Today's Li Ying Point Forecast

Long entry at 95,000, add long at 94,000, stop at 93,500, target at 98,500.

Short entry at 98,000, add short at 99,000, stop at 99,500, target at 96,500.

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, hoping to assist others with dreams in finding their place in this unpredictable market and embarking 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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