Title: AICoin: Bitcoin Strongly Rises on September 19th, Four-Hour K-Line Reveals Bullish Momentum! Latest Market Analysis
Article Release Time: September 19, 2024—10:05 AM
The news of a 50 basis point rate cut has been implemented, and the president of AICoin publicly used Bitcoin for consumption. Bitcoin has been advancing all the way, with the highest point on the four-hour K-line already breaking 62500. Liying will analyze the current four-hour K-line pattern for everyone, starting with the price trend in the market: it shows a clear upward trend, especially the strong rise that began on the 17th. A short-term support level has formed near 61800, which has been tested multiple times without breaking.
- The MACD technical indicator is running above the 0 axis, and both DIF and DEA are diverging upwards, indicating that the current market is in a bullish trend. The RSI is currently around 65, still with some upward space. The EMA is showing a bullish arrangement, and the price continues to run above the EMA7, showing strong upward momentum.
In addition, with the increase in trading volume, the market sentiment is strong, especially on the 17th with a large bullish candle breaking the previous high with high volume. During the subsequent pullback, the trading volume has decreased, indicating limited selling pressure, and the bulls still dominate the overall trend, which is mainly bullish.
Comprehensive judgment (Liying suggests continuing to go long on pullbacks)
Today's Point Prediction
Long at 60500, add long at 59500, stop loss at 59000, target at 62500
Short at 63000, add short at 64000, stop loss at 64500, target at 61000
The above is Liying's brief analysis of the current market situation for investors to reference. 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 striving in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams find their position in this unpredictable market and embark on their own 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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