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BTC: bear shock moves down
2022-10-19
1403
Fundamental analysis:
Bitcoin maintained the shock near 19352, and Guinness World Records included Bitcoin and a series of blockchain events in the "Cryptomania" category of the 2023 Guinness World Records. The official website of Guinness World Records described Bitcoin as the first decentralized cryptocurrency. It wrote that Bitcoin was developed to solve the challenge of regulating digital currency without any central institution or "trusted third party" supervising transactions.
Bitcoin BTCUSD - 4-hour K line diagram display:
Technical analysis:
The 4-hour chart shows that after the high short-term interval shock, the short power has moved down, the short-term decline has begun to emerge, and the market short sentiment has gradually intervened. The MACD indicator hovers on the top of the 0 axis, and the RSI indicator is on the bottom of the 50 equilibrium line;
Empty turning point: 19435
Pressing: 19600, 19770
Support: 19171, 19006
Trading strategy: 19435 lower bearish, target 19171, 19006
Alternative strategy: 19435 upper bullish, target 19600, 19770
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