Coin Circle Liying: September 11 Short Dilemma! MACD Golden Cross Boosts Bitcoin to Soar to 58000! Latest Market Analysis

Article Release Time: 2024.9.11—02:35

The train of thought given in yesterday's article by Liying was to short at 58000, with a target of 56500, which was successfully reached. After the update last night, it was over 56500, and whether the target of 58000 can be reached remains to be seen. Looking at the market, the current market trend from the four-hour perspective shows a oscillating upward trend, indicating a strong upward momentum. A clear support level was formed near 56500 in the previous period, and multiple tests without breaking through indicate effective support.

The four-hour MACD technical indicator shows the fast and slow lines running above the 0 axis, with the DIF line crossing above the DEA line to form a golden cross, indicating that the current market is in a bullish trend. Looking at the four-hour RSI value, it is 65, approaching the overbought zone, but has not yet entered an extremely overbought state, indicating that the upward momentum has not ended. The trend indicator EMA7 crosses above the middle 30 and 120, and the price continues to run above EMA7, showing a strong upward trend. This is a relatively clear channel, which is why Liying gave a long position idea at 56500.

Taking into account various indicators, coupled with the fact that the current trading volume has been consistently increasing, the bullish momentum is still growing. Therefore, it is advisable to follow the trend and move with the main force. Pay attention to the current market position of 57800. If it breaks, continue to hold; if not, profit from the long position.

Today's Liying Position Prediction:

Long at 57000, add long at 56500, stop loss at 56000

Short at 59000, add short at 60000, stop loss at 60500

The above is a brief analysis of the current market situation by Liying, for reference by investors. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating numerous valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams to find their own position in this unpredictable market and embark on their journey to success.

The content of the article is time-sensitive and is for reference only. All risks are assumed by the reader.

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