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BTC: Bull surge
2022-10-24
1443
Fundamental analysis:
Bitcoin remained volatile around 19125. Michael Saylor, former CEO of MicroStrategy, said in a speech at the Atlas Society that the decentralized nature of Bitcoin makes it an economic machine based on truth, and solves some inefficiencies in traditional financial sectors.
Bitcoin BTCUSD - 4-hour K line diagram display:
Technical analysis:
The 4-hour chart shows that the weak side oscillates slowly and the bulls rise rapidly. In the short term, the bulls show signs of continuing to move upward. The MACD indicator hovers under the 0 axis, and the RSI indicator stays in the short side and moves up to the 50 equilibrium line;
Empty turning point: 19067
Pressing: 19308, 19473
Support: 18893, 18756
Trading strategy: 19067 upside bullish, target 19308, 19473
Alternative strategy: 19067 lower bearish, target 18893, 18756
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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