Cryptocurrency Circle Liying: The Bull Market is Not Over as of 11.15! How Will Bitcoin, Burdened by Panic, Fight Back? Latest Market Analysis

Article Published on 2024.11.15—00:15

The current price of Bitcoin is 88,000, with clear support points for real positions. Liying has already made it clear yesterday not to be swayed by external factors. The overall trend remains bullish, and as long as the major trend has not ended, all pullbacks to support can serve as entry points for long positions. Now that the market has seen a sharp decline, it is advisable to wait for the market to stabilize before entering. When market sentiment is dominated by greed and fear, it is essential to rationally filter out these emotions and only engage in trends that are certain, focusing solely on movements within the system.

Liying continues to analyze price trends. The K-line pattern has been oscillating at high levels, with a long upper shadow appearing on the 13th. Liying judges that there is significant selling pressure above. The K-lines on the 14th and 15th show bearish candles, indicating a short-term bearish market sentiment. In the technical indicators, the MACD on the 4-hour cycle shows both DIF and DEA trending downward, with the MACD histogram in negative territory, indicating an increase in bearish momentum. The bears are beginning to challenge the bulls' bottom line, which has reached the support point, so we should pay attention to whether the key support is broken.

The Relative Strength Index (RSI) is currently around 54.87, having retreated from the overbought zone. Liying has noticed a significant weakening of bullish strength in the market. The trend indicator EMA is currently operating below EMA7, and there is a certain distance between EMA30 and EMA120. The short-term trend is bearish, but the long-term trend remains upward. The strategy should align with the major cycle's bullish trend, while short-term bearish positions should focus on key support for long entries. Following the trend is the right approach. After the influx of trading volume, a wait-and-see situation has emerged, leading to reduced market activity, indicating that currently, only the main players are performing, while most people are choosing to observe rationally.

Today's Liying Price Predictions

Long Entry at 85,500, add long at 84,500, stop at 84,000, target 89,000

Short Entry at 89,000, add short at 90,500, stop at 91,000, target 87,000

The above is Liying's brief analysis of 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 help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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