CM Trade

Download APP to receive bonus

GET

BTC: within a narrow range

2022-12-23
1274
Fundamental analysis:
Bitcoin remained oscillating around 16785. Bitcoin developer Jimmy Song said on social media that you cannot audit the Federal Reserve. You cannot audit Ethereum. You cannot audit Binance Chain. Even if you could, the initial state is a central entity that creates tokens for itself without doing any work. But you can audit Bitcoin.

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



Brief technical analysis:
Looking at the 4-hour chart: In the narrow range of low volatility, the short momentum of the market is slow, the MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;
Long and short turning point: 16845
Suppression: 16977, 17128
Support: 16671, 16524
Trading strategy: bearish below 16845, target 16671, 16524
Alternative strategy: call above 16845, target 16977, 17128

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More