Cryptocurrency Circle Liying: The 12.12 Short Squeeze Trap Has Finally Been Uncovered! Bitcoin Bulls Are Gaining Momentum, Are You Ready? Latest Market Analysis

Article Published on 2024.12.12—01:25

The current price of Bitcoin is 100,650. The overall trend is indeed as Liying predicted. How many people have entered the market during this short squeeze? The only regret is that it did not pull back to the key support around 92,000 and instead stretched directly back to the 100,000 mark. The overall trend remains bullish, which is beyond doubt. The deeper the pullback, the faster the bulls recover. In just one day, it has pulled back 7,000 points and shows no signs of stopping. Let's see how it will move next according to Liying's analysis.

First, let's analyze the K-line pattern. Recently, the price has been oscillating at a high level. Yesterday, a long bullish candle broke through the previous high. There was a significant drop between the 9th and 10th, but it quickly rebounded. The technical indicators MACD currently show both DIF and DEA as positive values, and the MACD histogram has turned from negative to positive, indicating an enhancement of the bullish trend.

The Relative Strength Index (RSI14) is close to the overbought zone at 62.1 but has not entered the extreme area, indicating that upward momentum still exists. The trend indicator EMA shows that the short-term EMA7 has crossed above the medium and long-term EMA30 and EMA120, forming a golden cross, which supports the upward trend. The bullish trading volume on the 11th significantly increased, accompanying the price rise, indicating active capital inflow. The trading volume was relatively stable in the previous days with little fluctuation, suggesting that market sentiment is gradually accumulating. After the main players took profits at high levels, they began to stretch further. Liying insists on her approach to follow the trend, focusing more on bullish positions while using bearish positions as a supplement.

Today's Liying Point Prediction

Long Entry at 99,000, add long at 98,000, stop at 97,500, target 102,000

Short Entry at 102,000, add short at 103,500, stop at 104,000, target 99,000

The above is Liying's brief analysis of the current market situation for investors' reference. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying 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, Liying feels a responsibility to share her insights and hopes to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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