Cryptocurrency Circle Liying: Surge After Breaking 12.17! Bitcoin Advances on Its Journey to a New High of 110,000! Latest Market Analysis

Article Published on 2024.12.17—01:05

Current price of Bitcoin is 106,830. So, what’s the situation? Liying says don’t doubt whether the bulls are still here, just see if you dare to follow. Also, don’t doubt your trading system; execute according to the system, maintain your faith, and just follow the main force. Liying has continuously reminded for several months that the main strategy is to buy on dips. Following the main force in a bull market means you don’t have to short, but a dip is an opportunity to buy. Liying currently maintains a 0% error rate in buying.

Let’s look at today’s market. Liying is still analyzing from the price trend perspective. The current candlestick pattern on the market clearly shows an upward trend, especially with the large bullish candles on the 15th and 16th. In the 4-hour cycle, the price has broken through the previous high of 106,466 and encountered resistance around 107,170. The MACD technical indicator shows that both the DIF and DEA are positive and continuously rising, with the MACD histogram also expanding, indicating strong bullish momentum.

The Relative Strength Index (RSI14) is close to the overbought zone but has not yet entered the extreme area, indicating that there is still some room for the market to rise. The EMA trend indicator shows that the short-term EMA7 has crossed above the medium and long-term EMA30 and EMA120, forming a golden cross, supporting the bullish trend. The increase in trading volume and capital inflow is driving the price up. In the 4-hour cycle, trading volume has expanded during key breakout periods, validating the effective price breakout. Therefore, holding above 102,000 is still valid; wait for a clear resistance level after hitting 110,000.

Today’s Liying Point Forecast

Buy Point: 105,000, Add Long at 103,500, Stop at 102,500, Target 104,000

Sell Point: 109,000, Add Short at 110,000, Stop at 110,500, Target 105,000

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, 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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。