Coin Circle Liying: Trends that cannot be ignored on October 18! Bitcoin bullish arrangement points to future hot spots! Latest market analysis

Article release time 2024.10.18----07:00

From the overall layout, both positions yesterday were perfectly reached. The first target is 67000 and the second target is 66600. These two are the key supports yesterday. Now the current price of Bitcoin is 67500 before the release of the article. The space that can be grasped is less than one thousand points. The overall trend shows an ascending triangle. The overall trend is still a bullish trend. Liying is still optimistic about the following content

First of all, from the analysis of price trends, the current K-line pattern of the market has an obvious upward trend, especially from the 14th to the 16th, there was a sharp rise. This is an obvious market. On the 15th and 16th, a long positive line was formed, indicating that the market buying was strong. In addition, the technical indicator MACD is in the 4-hour cycle. Both DIF and DEA are in the positive area, but the MACD bar chart begins to shorten, showing signs of weakening bullish momentum. From this, it can be judged that the bullish momentum is insufficient in the short term and needs to consolidate and rest.

The relative strength index RSI is currently around 62.1, indicating that there may be a need for adjustment. The trend indicator EMA price is above EMA7, 30 and 120, and EMA is in a bullish arrangement, supporting the overall upward trend. In addition, the current market volume has significantly increased on the 16th, and with the price increase, it shows that the capital inflow is positive. Therefore, Liying's suggestion is still a low-to-long strategy, following the trend. The short-term market is in a high-level sideways stage, and short-term operations can be done in waves.

Today's point reference: bullish

Long 66000, defense 65000, stop loss 64500, target 67500

Short 68000, defense 6 9000, stop loss 69500, target 66600

Reason: follow the trend, big market means big fluctuations, you can sell high and buy low, but it is more stable to buy low, the content of the article is real-time, for reference only, risk at your own risk

The above analysis is based on the conclusion drawn by Liying based on market data and market trend analysis, for reference only$$BTC #BTC合约 #比特币合约交易 #BTC突破7万大关 #BTC走势预测 #BTC翻倍之路