In the crypto world, Li Ying: After celebrating 12.8, is it time for a pullback? A quick pullback strategy for BTC’s short-term rebound! Latest market analysis for the weekend.
The article was published at 2024.12.8-01:45.
BTC is currently at 99600. Will the weekend market return to calm? Analyzing the long and short positions to play people for suckers for two thousand points and then what will you do after that? Naturally, you will celebrate with champagne, which also led to a Sideways market on the weekend because the market makers went out to consume after playing people for suckers. I updated the article only yesterday afternoon because Liying has always followed the trend of market makers, although it was only a trend of catching longs for ten thousand points. It’s not excessive to celebrate a little.
Take a look at the Order Book at this time, Liying still analyzes the price trend. Currently, the Candlestick pattern is obviously oscillating at a high level, with a long Upper Shadow on the 5th day, indicating selling pressure above. The Candlesticks from the 6th to the 7th day show alternating positive and negative trends, with an increased Fluctuation amplitude, indicating unstable market sentiment. Market makers are hesitating, and the technical indicator MACD’s current DIF and DEA are both negative, and the MACD histogram is below the zero axis, indicating that short positions are dominant in the short term, but there are signs of convergence.
The Relative Strength Index (RSI) value hovers around 50, not entering the Overbought or oversold zone, indicating that the market currently has no clear trend direction. The trend indicator price is currently below EMA7, close to EMA30, and EMA120 is much lower than the current price. The long-term trend is still upward, but there may be short-term adjustment pressure. The Trading Volume expands with significant price fluctuations. At this time, if you want to follow the trend and go long, Gate.io recommends waiting for a pullback to the support level before going long. Alternatively, you can short at a price above 102,000.
Today’s Liying point prediction
Long point 98500, 97500 make up for long, stop 97000, target 101000
Short at 102000, add short at 103000, stop at 103500, target 100000.
The above is a brief analysis of the current Order Book market by Liying, for investors’ reference. Over the past decade, Liying has been continuously exploring and experiencing hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the Bull Market and the dimness of the Bear Market, accumulating numerous valuable experiences and profound lessons. As a female trader who strives in this challenging field, Liying feels a responsibility to share her insights and reflections, hoping to help other dreamers find their position in this unpredictable market and embark on their journey to success.
The content of the article is for reference only and is subject to change. You take the risk yourself.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
