Coin Circle Liying: 11.12 Unbelievable Bitcoin, all investors in the network are bullish on 100,000! Latest market analysis

Article published on 2024.11.12----09:00

Current Bitcoin price 88,888, everyone can witness history upon waking, witnessing the madness and extreme greed of the cryptocurrency market. Before publishing, the highest point has already reached 89,800, just a step away from 90,000 and only 10,000 away from 100,000. Based on the current trend, if the trend remains unchanged, it will only take two days to reach the 100,000 mark. Liying will not hold positions permanently, but will take profits at a certain critical point, and after retesting support, will continue to enter the market. This way, it can ensure safety while also capturing enough space.

Now let’s look at today’s market. First, regarding the price trend, the current K-line shape is in a rapid rising phase. This obvious upward trend should not be hesitated; one should follow the trend and move with it. Like Liying, always act in accordance with the trend, achieving a 100% win rate this month. In the 4-hour cycle, multiple bullish candles have appeared consecutively, indicating strong buying power in the market, so Liying remains firmly bullish.

The technical indicator MACD in the 4-hour cycle shows both DIF and DEA moving upwards, and the MACD histogram remains positively sustained. This indicator represents strong bullish momentum. The relative strength index RSI14 is in the overbought zone with no signs of a pullback, indicating that the current market is still in a strong upward trend. Furthermore, the trend indicators show a bullish arrangement, with short-term moving averages above long-term moving averages, further confirming the upward trend and validating Liying's judgment.

Another point worth noting is that the trading volume in the 4-hour cycle significantly increased when breaking through key resistance levels, indicating that substantial funds are entering the market, which is rare in history. In a bull market, there is no such thing as a top; when encountering support, one should go long, with a good stop loss for safety.

Today's reference points:

Long entry point 87,000, stop loss 86,000, stop loss 77,500, target 85,500

Short entry point 90,000, stop loss 91,000, stop loss 91,500, target 88,000

The above analysis by Liying is based on market data and trend analysis from the order book, for reference only, and does not constitute investment advice. For family reference $BTC #比特币行情走势分析 #BTC行情超话