Li Ying in the Crypto Circle: After Taking Profits on December 13, Bitcoin Sets Off Again! How to Maintain Profit Amid Bitcoin's Volatility? Latest Market Analysis
Article Published on December 13, 2024 - 01:00 AM
The current price of Bitcoin is 101,500. Before Li Ying's publication, the performance was 102,000, taking profits at 2,500 points. How many fans followed along? Congratulations again! The trend remains unchanged, and the strategy is still primarily to buy on dips. After a pullback, continue to enter long positions. Always trade in the direction of the trend; this is how one can become a consistent winner in the crypto circle. As the year-end approaches, will Bitcoin continue to rise? Li Ying believes the probability is quite high.
Looking at the current market, Li Ying analyzes the price trend. The current K-line pattern is oscillating above 100,000, forming a relatively obvious box consolidation pattern. Between the 11th and 13th, the K-line showed multiple long lower shadows, indicating strong buying support below. In the four-hour MACD cycle, the MACD histogram has turned from negative to positive, and the DIF line has crossed above the DEA line, indicating short-term rebound momentum, but it is necessary to monitor whether this momentum is sustainable before deciding to take all profits.
The Relative Strength Index (RSI) is currently around 60, which is relatively high but not in the overbought zone, indicating that market sentiment is leaning towards optimism. The trend indicator EMA is currently fluctuating between EMA7 and EMA30, with EMA7 having crossed above EMA30, suggesting a short-term bullish trend. EMA120 is still below, indicating that the long-term trend has not completely reversed. Therefore, it is advisable to follow the trend and focus on long positions. Additionally, trading volume is increasing, especially as the price approaches 101,000, indicating significant capital competition in this area. As the price rises, participation in the market is gradually increasing, showing that market participants are more accepting of the current price level. The greed index is at 83, indicating that the upward movement is not over yet.
Today's Li Ying's Price Prediction
Long entry at 100,500, add long at 99,500, stop at 99,000, target 102,000.
Short entry at 102,000, add short at 103,500, stop at 104,000, target 99,000.
The above is a brief analysis by Li Ying regarding the current market situation for investors' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying 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, Li Ying feels a responsibility to share her insights, hoping 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 to be borne by the reader.
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