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Bitcoin: continuous fluctuation and rise
2022-07-18
1616
Fundamental analysis:
Bitcoin remained volatile around 21027. As of July 15, the "fear & Greed" index of bitcoin had been in "extreme panic" for 70 days, a record high.
Bitcoin btcusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the low-level Bull Power maintained a shock rise, continued to climb and move upward in the short term, and there was no sign of stopping. The MACD index hovered on the upper side of the 0 axis, and the RSI index was in the 50 equilibrium online side sorting;
Long short turning point: 21027
Pressing position: 21321, 21639
Support position: 20523, 20199
Trading strategy: bullish above 21027, targets 21321, 21639
Alternative strategy: bearish below 21027, goals 20523, 20199
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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