Cryptocurrency Circle Liying: 11.22 Keep the Faith! Bitcoin has been continuously blessed with bullish candles, and market sentiment is high, following the trend! Latest market analysis

Article published on 2024.11.22—01:40

Current price of Bitcoin is 97,500. Liying said to follow the trend; the big trend is bullish, so don't deceive yourself. You must firmly believe in your convictions and stick to your trading system. Liying has been following the bullish sentiment for a long time and has already achieved a hundredfold return, with most having taken profits. Yesterday's target of 94,200 support was effective, and finally, profits were taken at 96,500. For this wave of market movement, the space is indeed small, only 2,300 points, but the returns within our system are quite good.

Now let's look at Liying's statements. First, from the price trend analysis, the current candlestick pattern is clearly still in an upward trend. Yesterday and today, the price rose from around 94,000 to 98,400. The daily chart shows consecutive bullish candles, indicating strong market buying pressure. The technical indicator MACD on the 4-hour cycle is in the bullish zone, with the DIF line crossing above the DEA line and continuing to diverge upwards. Liying judges that there is still upward space in the short term, so the strategy remains to buy on effective support retracements.

The Relative Strength Index (RSI) on the 4-hour cycle is close to 70 but has not entered the overbought zone, indicating strong current momentum but caution is needed for potential pullback risks. We will wait for this pullback risk to end before entering. Before the pullback, we will wait; the trend indicator EMA price is currently above EMA7, EMA30, and EMA120, and the moving averages are in a bullish arrangement, supporting a continued bullish outlook. Additionally, let's look at the trading volume accompanying the price increase, showing positive capital inflow. The volume has decreased before publication, but the price remains high, possibly indicating a short-term adjustment or consolidation. At this time, we should be patient and wait for a retracement to the support below to continue buying in line with the trend. Aggressive traders can try short positions at high levels, but remember to set stop losses.

Today's Liying's point predictions

Buy point 96,000, add to long at 95,000, stop at 94,500, target 98,000

Sell point 98,500, add to short at 99,500, stop at 100,000, target 96,000

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. In this process, Liying has gone through 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 ever-changing 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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