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Bitcoin: bulls continue to climb
2022-07-20
1623
Fundamental analysis:
Bitcoin remained volatile around 23373. Nadhim Zahawi, the UK chancellor of the exchequer, confirmed that a financial services and markets bill would be submitted to parliament on Wednesday. The bill aims to use the benefits of brexit to transform Britain's financial services industry. The bill proposes rules for payment in stable currency.
Bitcoin btcusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the momentum of bulls maintained a good momentum of shock and rise, and there were signs of continuous upward movement in the short term. MACD index maintained a smooth upward movement in the long region, and RSI index maintained a steady upward movement in the long region;
Long short turning point: 23099
Pressing position: 23641, 24053
Support position: 22719, 22395
Trading strategy: bullish above 23099, targets 23641, 24053
Alternative strategies: bearish below 23099, goals 22719, 22395
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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