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BTC: step up
2022-08-16
1515
Fundamental analysis:
Bitcoin kept shaking around 24050. The decentralized NFT trading platform sudoswap launched an automatic market maker (AMM) and set the artist royalty to 0%. While helping to reduce the overall cost of each NFT transaction, the move sparked discussions on the ethics of royalty free transactions on crypto twitter.
Bitcoin btcusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the power of the Bulls fluctuates and rises in a stepped manner, and the short-term upward movement trend is good. The MACD index is weak on the upper side of the 0 axis, and the RSI index is in a narrow range near the 50 equilibrium line;
Long and short turning point: 23902
Pressing position: 24394, 24785
Support position: 23558, 23277
Trading strategy: bullish above 23902, target 24394, 24785
Alternative strategy: bear below 23902, targets 23558 and 23277
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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