Coin Circle Liying: Bet on Bull Market on 11.11! Bitcoin is soaring, who still dares to short? Latest market analysis

Article published on 2024.11.11----08:10

Current price of Bitcoin is 80300, bullish trend continues, Bitcoin creates a myth again, those who follow have already become extraordinary, Liying has always believed that going with the trend is correct, after breaking yesterday's previous high, following the trend at 77000 with the main force finally cashing out at 80000, before the publication, Bitcoin has already reached a high of 81500, let's look at the market

The current price trend clearly shows an upward trend in the market K-line pattern, a clear ascending triangle trend, especially after the big bullish candle on the 10th, the price continues to rise. In the 4-hour cycle, multiple K-line closing prices are gradually rising, indicating strong bullish strength. The technical indicators in the 4-hour cycle show that the MACD histogram is positive and continuously increasing, with both DIF and DEA diverging upwards. Liying still supports the upward trend, choosing to enter again after a pullback to support

The Relative Strength Index (RSI) is close to 80, entering the overbought range. Liying has not found signs of a correction but will still choose to wait for the price to adjust and fall before entering. Do not rush, the trend indicators EMA are all in bullish arrangement, and the price is above all moving averages, further confirming the upward trend mentioned by Liying. Additionally,

Trading volume shows positive inflows as the price breaks previous highs, indicating active capital entering the market, so under the condition that the trend remains unchanged, wait for a pullback to take a long position.

Today's reference points:

Long entry at 79000, stop-loss at 78000, stop-loss at 77500, target at 81500

Short entry at 82000, stop-loss at 83000, stop-loss at 83500, target at 80000

The above analysis by Liying is based on market data and trend analysis from the order book, for reference only $BTC #比特币行情分析 #BTC行情分析