Coin Circle Liying: Bitcoin seeks a breakthrough in the oscillation on August 30! A short-term rebound opportunity is coming! Latest analysis
Bitcoin is currently in a correction trend. From the analysis of the price trend of the market, the current K-line pattern fluctuates around 60,000, forming a relatively obvious oscillation range. From the 27th to the 29th, there was a certain degree of rebound, but the overall trend is still downward, and there is no break. The 4-hour MACD technical indicator shows a short signal, DIF and DEA are both below the zero axis, and DIF continues to be lower than DEA, indicating that the market sentiment is bearish in the short term.
The 4-hour cycle RSI is currently around 50, indicating that the market has not entered the overbought or oversold area, and there is a certain degree of uncertainty. The daily cycle RSI is also around 50, which further confirms this. The current K-line of the trend indicator EMA is above EMA7, but close to EMA30 and EMA120, indicating that there is some support in the short term, but the medium and long-term pressure still exists. The pressure level is 61000 and the support point is 60000. The market shows that there may be a small rebound in the short term, but the overall trend Liying still maintains a cautious attitude. In addition, there was a strong buying when the market volume touched 59000. This may be the bottom-fishing behavior of the main force after the previous market crash, so it is not recommended to chase the short at this position
Today's Liying point forecast
Long point 60000, 59000 to cover long, stop 58500
Short point 62000 short, 63000 to cover short, loss 63500
The above is Liying's brief analysis of the current market situation for investors' reference. In the past ten years, Liying has been exploring and experiencing hundreds of various digital assets. In this process, Liying has experienced the glory of the bull market and the bleakness of the bear market. It has stumbled all the way and accumulated countless precious experiences and profound lessons. As a female trader working hard in this challenging field, Liying feels a deep sense of responsibility to share her experience and insights, hoping to help other people with dreams find their place in this turbulent market and start their own journey to success.
The content of the article is real-time and is for reference only. Risks are borne by yourself