Coin Circle Liying: 10.31 Crazy Bitcoin! Breaking the rules and the revelry continues! Latest market analysis

Article published 2024.10.31-02:00

Bitcoin's current price is 72,000. Let's review yesterday's article. Yesterday, Li Ying said that the big trend has opened a gap, and the bulls will continue to stretch. After stepping back on support, they can continue to enter the market. After a day of waiting until publication, they haven't waited until they are in a proper position. If they don't get on the bus, they can continue to hold on without hurrying to leave the market.

　　

First, Liying also analyzed price trends. The K-line pattern of the market fluctuated at a high level and showed a long period on the 29thSunlineIt broke through the previous high, but the K-line correction on the 30th and 31st showed that the upper shadow line was long. Li Ying judged that there was a strong one abovepressure levelStretching too fast requires stepping back on energy before a new market will emerge.Technical indicatorsThe MACD is currently in a bullish position, but the shortening of the bar chart has clearly weakened, and the room for stepping back downward is not over

　　

Relative strength indicatorsRSIThere is still a risk of a 71.1 correction close to the overbought range. After the pullback is over, the current price of the EMA is hovering around EMA 7. EMA 7 is greater than 30 and 120, so Liying still sticks to the bullish trend. The pullback is a normal selling pressure. Compared with the market volume amplification on the 29th and the sharp rise in prices, it shows obvious capital impetus, but the trend of sideways correction in the market is quite obvious. The trend of sideways correction in the market is quite obvious.

Today's point forecast: bullish

Make 71,000 more points, make up 70,000, stop loss 69,500, target 74,000

Short point 73000, 74000 shortfall, stop loss 74500, target 71000

Reason: Li Ying chose to pull back from the low point in the early period as the first entry point. After breaking EMA 30, a stop-loss can be considered. Near the pressure level of the previous high, Li Ying chose the integer mark as the first entry point for bears. The second position is the second highest point of entry in the historical high area, safety first. The content of the article is real-time, for reference only, at your own risk

The above is Liying's brief analysis of current market conditions for investors' reference. Over a period of ten years, Liying continued to explore and experience hundreds of digital assets of all kinds. In this process, Li Ying experienced the glorious bull market and the bleak bear market. Along the way, Li Ying has accumulated countless precious experiences and profound lessons. As a female trader working hard in this challenging field, Li Ying feels a deep responsibility to share her experiences and experiences, hoping to help other people with dreams find their place in this turbulent market and embark on their own successful journey.