BTC: Bulls climb higher
2023-09-13
760
Fundamental analysis:
Bitcoin remains volatile around 26074. Justin Sun, founder of TRON and member of the Huobi Global Advisory Board, attended the MetaEraSummit2023 held in Singapore and expressed his views on hot topics in industry development.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The bullish momentum is strong, and the market is bullish. The MACD indicator is hovering near the 0 axis, and the RSI indicator is weakly consolidating above the 50 equilibrium line;
Resistance level: 26282 26493
Support level: 25740 25504
Trading strategy: Bullish above 25971, target 26282 26493
Alternative strategy: bearish below 25971, target 25740 25504
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