Cryptocurrency Circle Liying: The upward trend is evident on December 16! Bitcoin bulls have fully returned, and the future market looks promising! Latest market analysis

Article published on 2024.12.16—01:20

The current price of Bitcoin is 103,100. Liying's real-time data yesterday was 102,000, and finally took profits at 101,000. This is real and was mentioned at the beginning of the article. Securing 1,000 points is enough; short positions cannot be held for long and should be quick in and out, unlike long positions, where once the entry point is chosen, there is no rush to exit. This is because the larger trend is bullish, but the main force has been slow to stretch and has been accumulating. There is no need to rush; patience is required to hold, and one can follow the main force to act accordingly. Let's take a look at the current market.

Liying will explain from the K-line pattern; it is currently in a clear upward trend, especially the strong bullish candles on the 15th and 16th. In the 4-hour cycle, there have been multiple long lower shadows, indicating strong buying support at low levels. Looking at the MACD technical indicator, the current DIF is above the DEA, and the MACD histogram continues to be in the positive area, indicating strong bullish momentum.

The Relative Strength Index (RSI) is currently at 66.8, close to the overbought zone but not yet in extreme overbought territory, still having some room for upward movement. The EMA trend indicator price has broken through EMA7, EMA30, and EMA120, with short-term moving averages diverging upwards, supporting a continued bullish outlook. This further validates Liying's consistent bullish trend, focusing on going long. Additionally, the trading volume accompanying the price increase shows positive capital inflow, keeping the overall market active, so there is no need to doubt whether the bullish trend is still present; the question is whether you will follow.

Today's Liying point prediction

Long entry at 102,000, add long at 101,000, stop at 100,500, target at 104,000.

Short entry at 104,000, add short at 105,000, stop at 105,500, target at 100,500.

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 experienced 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, hoping to help others with dreams find their place in this unpredictable 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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