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BTC: finishing after multi head oscillation moving up
2022-08-12
1389
Fundamental analysis:
Bitcoin remained volatile around 23983. BlackRock launched a private trust to provide spot bitcoin risk exposure to us institutional customers. The trust will be provided to institutional customers in the United States and will become BlackRock's first product directly contacting bitcoin prices.
Bitcoin btcusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, after the short-term wide range shock moves upward, the market bull power still exists, the MACD index is in the bull area to maintain the consolidation and translation, and the RSI index is in the 50 balanced online side bull area;
Long and short turning point: 23983
Pressing position: 24528, 24837
Support position: 26639, 23303
Trading strategy: bullish above 23983, target 24528, 24837
Alternative strategy: bear below 23983, targets 26639 and 23303
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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