Cryptocurrency Circle Liying: On December 26, the road to Bitcoin reaching 100,000 is fraught with thorns. Will the Ethereum market see a rebound at 3,450? Latest market analysis.

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6 days ago

Li Ying in the Crypto Circle: Latest Bitcoin Market Analysis on 12.26

Article Published on 2024.12.26—01:30

The current price of Bitcoin is 98,300. Li Ying mentioned yesterday that the main force has the momentum to challenge 100,000. After two failed attempts to break 100,000 before publication, it is now consolidating at a high level, with a low of 97,000 and a high of 99,500, providing a trading range of over 2,000 points. Li Ying entered the market at 97,500 and took profits at 99,000, gaining 1,500 points. After the next pullback to 97,000, Li Ying will choose to enter the market again.

Li Ying is still analyzing the price trend. The current K-line pattern is fluctuating around 98,000, showing significant volatility with multiple long upper and lower shadows, indicating a large market divergence. The MACD technical indicator shows some upward momentum in the short term, but caution is needed for divergence risks. Whether going long or short, it is essential to manage risks properly.

The Relative Strength Index (RSI14) is currently at 55.2, in a neutral zone, not entering overbought or oversold territory, indicating that there is no obvious extreme sentiment in the market for now. The trend indicator EMA7 is below the latest price, EMA30 is also below the latest price, and EMA120 is slightly above the latest price. Overall, Li Ying believes that the short-term moving averages provide strong support, but the long-term moving averages still act as resistance. The increased trading volume indicates heightened market activity, but the main force continues to challenge below 100,000, leading to a stalemate between bulls and bears. A swing trading strategy can be employed, going short at highs and long at lows as a conventional approach.

Today's Point Predictions by Li Ying

  • Long Entry: 97,000, add at 96,000, stop at 95,500, target 100,000
  • Short Entry: 100,000, add at 101,500, stop at 102,000, target 99,000

Li Ying in the Crypto Circle: Latest Ethereum Market Analysis on 12.26

Article Published on 2024.12.26—01:30

The current price of Ethereum is 3,450. The market has settled into a sideways trend. Now friends understand why we exited at 3,530 short and 3,450. The short-term support EMA120 is exactly our support point. As for whether Li Ying chose to go long at 3,450, everyone can guess and will be revealed tomorrow. The market will continue to consolidate at high levels; let's look at Li Ying's analysis next.

Currently, the K-line pattern is fluctuating within the range of 3,450 to 3,550, showing strong signs of consolidation. After previous sharp rises and falls, it is now in a correction phase. The MACD technical indicator shows some rebound momentum in the short term, but Li Ying believes the overall trend still needs observation.

The RSI14 value is 50.92, close to the neutral zone, not entering overbought or oversold territory, indicating relatively stable market sentiment. The trend indicators show strong support from short-term moving averages, but clear pressure from long-term moving averages. Therefore, Li Ying concludes that the overall trend is sideways based on various indicators. Additionally, recent trading volume has decreased, indicating reduced activity, leading Li Ying to judge that the forces of bulls and bears are tending towards balance, with a strong wait-and-see sentiment, making sideways movement almost inevitable.

Today's Latest Point References

  • Long Entry: 3,400, add at 3,350, stop at 3,000, target 3,500
  • Short Entry: 3,500, add at 3,550, stop at 3,600, target 3,400

The above analysis by Li Ying is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons. As a female trader striving in this challenging field, Li Ying 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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