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BTC: Low position rapid upward movement
2022-10-14
1432
Fundamental analysis:
Bitcoin has maintained the shock around 19368. BitNickel (NILE), a bitcoin encryption mining enterprise, plans to establish a bitcoin based transaction market in the first half of next year, aiming to reduce the complexity of bitcoin transactions.
Bitcoin BTCUSD - 4-hour K line diagram display:
Technical analysis:
The 4-hour chart shows that the power of the low position bulls is rapidly rising, and the bulls are beginning to pour in. The MACD indicator is in the short position area, and it keeps sorting up. The RSI indicator is in the 50 equilibrium line, and the market is weak;
Empty turning point: 19313
Pressing: 1954, 19699
Support: 19138, 18973
Trading strategy: 19313 upside bullish, target 19544, 19699
Alternative strategy: 19313 lower bearish, target 19138, 18973
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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