Coin Circle Li Ying: Giants in Action on 11.13! Bitcoin Prepares to Sprint to New Highs After Pullback! Latest Market Analysis

Article Release Time 2024.11.13 ---- 08:30 AM

Current Bitcoin Price 88150, yesterday once again created history reaching the 90,000 mark, pulled back to 85,000, and then returned to 90,000, being constrained by the pressure level of 90,000 twice back and forth. Firstly, reviewing yesterday's thought process, mainly taking profit above 89,000, Li Ying chose not to short but waited for the market to pull back, entering at 86,000 to capture 3500 points. These days standing at the wind mouth and grasping the trend has been very easy. As long as one is not overly clever and follows the trend, it's enough to fill the bowl to the brim.

Looking at the current market price trend, firstly, Li Ying still discusses from the K-line pattern. The current upward trend is very obvious, especially these days the price stretched to the 90,000 mark. There was high-level volatility yesterday and the day before, with the highest price approaching 90,000 but failing to break through, forming short-term pressure. The technical indicator MACD is in the bullish zone within the 4-hour cycle, with both DIF and DEA being positive and continuously rising, indicating that the current market still has some upward momentum. Li Ying's thought process remains focused on buying on pullbacks while shorting is secondary.

The Relative Strength Index (RSI) once entered the overbought zone of 90 in the 4-hour cycle but has slightly retreated to 72. From here, Li Ying can judge that there is a demand for a pullback in the short term, but it is not absolute, so in the bullish trend, Li Ying chooses to wait for opportunities, waiting for a pullback adjustment before starting to enter long positions. The EMA trend indicator shows a bullish arrangement, with the upward trend unchanged, and the trading volume has noticeably decreased. The main force is likely to consolidate at high levels in the short term, with fluctuations exceeding a thousand points back and forth.

Today's Reference Points:

Long Entry Point 86000, Stop Loss 85000, Take Profit 88800

Short Entry Point 90000, Stop Loss 91000, Take Profit 88000

The above analysis by Li Ying is based on market data and trend analysis from the market, for reference only and does not constitute investment advice. For family members' reference $BTC #比特币行情分析 #BTC行情超话