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BTC: Bulls up
2023-04-19
1016
Fundamental analysis:
Bitcoin remained volatile around 30417. Bitcoin financial service provider Unchained announced the completion of a US$60 million Series B round of financing, led by Valor Equity Partners, with participation from NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of the bulls remains volatile and rising, the short-term bullish sentiment remains, the bulls in the market are constantly pulling up, the MACD indicator is hovering above the 0 axis, and the RSI indicator is hovering weakly above the 50 balance line;
Resistance level: 30611 30846
Support level: 30115 29914
Trading strategy: Bullish above 30323, target 30611 30846
Alternative strategy: bearish below 30323, target 30115 29914
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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