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BTC: high volatility

2023-04-14
949
Fundamental analysis:

Bitcoin remained volatile around 30283, and Li Bo, vice president of the International Monetary Fund (IMF), described the level of interest in central bank digital currency (CBDC) as "unprecedented." Forty countries have approached the IMF for assistance, and the IMF has engaged with nearly 30 countries.

Bitcoin BTCUSD - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the high level fluctuates upward in the short-term, the market’s bullish trend remains, and there is a trend of continuing to move upward in the short term. The MACD indicator is in the long-term zone to maintain consolidation, and the RSI indicator is hovering at a high level in the long-term zone;

Resistance level: 30558 30797

Support level: 29920 29658

Trading strategy: Bullish above 30174, target 30558 30797
Alternative strategy: bearish below 30174, target 29920 29658

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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