Cryptocurrency Circle Liying: 12.20 Bearish Arrangement Shows Bearish Signals! How Should Bitcoin Be Positioned Next? Latest Market Analysis

Article Published on 2024.12.20—01:30

Current Bitcoin price is 99,500, with Bitcoin experiencing a deep pullback. This is the first time in over three months that Liying has exited a long position with a stop loss. However, the mid-term layout at 107,000 was finally closed for profit below 102,000, missing out on some space without cashing out at 99,000. Once it broke below 102,000, there was no room for hesitation; it’s better to take profits, as this wave had over 5,000 in space. Back to the main point.

Currently, the market shows that the K-line pattern on the order book has clearly retraced at a high level, forming a large bearish candle, indicating increased selling pressure in the market. In the 4-hour cycle, the price has gradually fallen from the high of 107,600 on the 18th to the current 99,500, showing a downward trend in the short term. The technical indicator MACD in the 4-hour cycle shows that the MACD histogram has turned from positive to negative, and the DIF line has crossed below the DEA line, indicating that bearish forces dominate in the short term. It’s better to wait for the bearish momentum to test the bottom again before entering the market; the larger trend hasn’t changed, and the belief remains unchanged.

The Relative Strength Index (RSI) is at 35, close to the oversold zone but not yet in the extreme area, suggesting a potential technical rebound demand. The trend indicator EMA shows that the current price is below EMA7, EMA30, and EMA120, indicating strong downward pressure. The EMA moving average system shows a bearish arrangement, further confirming the downward trend, making it unsuitable to go long at this time. It’s better to wait until the decline stops before making any decisions. Let’s also observe that the trading volume has increased significantly during the sharp decline, indicating a bearish market sentiment, with increased selling pressure and clear profit-taking behavior from the main players. It’s advisable to wait until the bearish momentum ends before entering the market; for now, it’s best to stay on the sidelines.

Today's Liying Point Forecast

Long Entry at 97,000, add long at 96,000, stop loss 500, target 99,500

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

The above is a brief analysis by Liying regarding 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 assist others with dreams in finding their place in this ever-changing market and starting 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。