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BTC: Climb to High
2023-04-11
999
Fundamental analysis:
Bitcoin remained volatile around 291337. BlueWheel Gulf announced that it had obtained a 5 megawatt bitcoin mining contract from a private investor in Dubai. The contract was signed tens of thousands of times. The company's total mining business has reached 6.5 megawatts and has 2,000 ASIC mining machines .
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum has risen rapidly, the market is bullish, and the bulls continue to move upward in the short term. The MACD indicator is in the bullish zone, and the RSI indicator is in the bullish zone and continues to rise;
Resistance: 29292 29446
Support level: 28875 28695
Trading strategy: Bullish above 29028, target 29292 29446
Alternative strategy: bearish below 29028, target 28875 28695
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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