Coin Circle Liying: September 12 "Panic Pullback! Bitcoin Market Sentiment is Optimistic but the Increase Approaches the Plateau!" Latest Market Analysis

CN
1 year ago
  • Title: Panic Pullback on September 12! Bitcoin Market Sentiment is Optimistic but the Increase Approaches the Limit!
  • Article Release Time: 2024.9.12—06:00

Bitcoin dropped to 58000 yesterday, then reached 56000, and later reached 57800 after dropping to 55800. There is a 4000-point space for operation on both sides. Currently, the price of Bitcoin is at 56700. Liying first analyzes the price trend. Currently, the four-hour K-line on the market shows a clear oscillating trend, with the price fluctuating between 57000 and 58000. There have been multiple long upper shadows and lower shadows, indicating strong selling pressure and support in the market.

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MACD Technical Indicator: The current DIF and DEA are both positive, but the MACD histogram is gradually shrinking, indicating a weakening upward momentum from the market perspective, which may lead to a pullback. However, the RSI indicator: RSI14 is currently at 57.4, close to the overbought zone but not yet entered. It needs to be observed whether it will further rise or fall. The trend indicators EMA7 and 30 are in a bullish arrangement, but EMA120 forms a resistance level at 57800. The short-term trend is still upward, but the medium and long-term trends need further confirmation.

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In summary, Liying suggests going short when encountering resistance levels, and considering going long after reaching support levels, because the trading volume in the market has been increasing, indicating increased market activity and a slightly optimistic market sentiment. However, there is also a certain amount of profit-taking, which is why Liying advises going short at the resistance levels.

Today's Liying Point Prediction:

Long at 56000, add long at 55000, stop loss at 54500

Short at 58000, add short at 59000, stop loss at 59500

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.

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

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