Coin Circle Liying: Bitcoin Strong Rebound on 9.25, Ethereum Oscillating Upward, How to Choose the Perfect Layout for Bulls? Latest Market Analysis
Article Release Time 2024.9.25----07:00
The current price of Bitcoin is 64500. Liying's suggestion in yesterday's article was over 63000, with a target of 64500. As expected, the market unfolded as anticipated, smoothly gaining 1500 points. Looking at the recent candlestick patterns, there has been a continuous upward trend since the 19th, with long bullish candles on the 24th and 25th. From the market perspective, Liying believes that the bulls are stronger than the bears, and the market is expected to further break the previous high.
The MACD 4-hour DIF line has crossed above the DEA, and the histogram has turned from negative to positive, indicating short-term bullish dominance. The current RSI value is around 64, indicating that there is still room for upward movement. The trend indicator EMA is currently above the EMA7, EMA30, and EMA120, with EMA7 greater than EMA30 greater than EMA120, indicating a clear bullish trend. The strategy is to focus on continuing to go long on pullbacks, with shorting at high levels as a secondary option.
Today's reference points: Trend (Up)
Go long at 64000, defend at 63000, stop loss at 62500, target 64500
Go short at 65000, defend at 66000, stop loss at 66500, target 64000
Reasoning: Short at the previous high, defend and set stop loss, and go long at key support. Risk management comes first in trading, only by doing so can one secure a favorable position in the market and befriend the trend while being wary of oneself.
Ethereum
The market has returned to the starting point after some ups and downs. The current price of Ethereum is 2660, with yesterday's price at 2650. This market is indeed challenging. Fortunately, Liying's first target of over 2620 was reached yesterday, with only 40 points of space left. The target of 2700 can be considered. Currently, the candlestick pattern in the market fluctuates between 2600 and 2700, showing an overall oscillating upward trend, with multiple long lower shadow candles indicating strong support below.
The MACD technical indicator DIF and DEA are gradually flattening, and the histogram has turned from negative to positive, indicating signs of market stabilization, suggesting that the high-level consolidation is coming to an end and a direction change is imminent. Attention should be paid to risk prevention. The RSI14 value hovers around 60, indicating the possibility of continued oscillating market in the short term, but the probability is not high. The trend indicator EMA: EMA7 is greater than EMA30, which is greater than EMA120, showing a bullish trend in the short, medium, and long term. The obvious high-level consolidation bullish trend suggests that short-term consolidation is favorable, and buying at support levels is a viable option.
Liying's latest reference points for today (Up)
Go long at 2600, add position at 2550, stop loss at 2520, target 2700
Go short at 2700, add position at 2750, stop loss at 2780, target 2600
Liying believes that 2600 is a strong support level and can be a starting point for going long. Set up defense and stop loss. Shorting at 2700 is due to the failure of two previous attempts to break through 2700, indicating effective pressure at the previous high.
The content of the article is time-sensitive and is for reference only. Trade at your own risk.
The above analysis by Liying is based on market data and trend analysis from the market, and is for reference only. It does not constitute investment advice. For the reference of fellow traders. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the glory of bull markets and the dimness of bear markets, 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 to find their position in this unpredictable market and embark on their own journey to success.
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