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Bitcoin has fallen for 9 consecutive weeks, the longest record
2022-05-30
1076
Fundamental analysis:
Bitcoin remained volatile around 28430. Bitcoin has fallen for 9 consecutive weeks, the longest record in history. QCP capital said that since the low point on May 20, the trading prices of S & P and Nasdaq have increased by about 10%, while the trading prices of BTC and eth have decreased in the same period, which may fall by about 22% this month.
Bitcoin btc/usdt - 4-hour K-line diagram display:
Technical comments: it has maintained a narrow range of weak consolidation in the Bollinger belt index channel for a long time. Short sellers are waiting for the opportunity to enter the channel and continue to move downward near the off track. The Bollinger belt index shows a slow opening trend. The MACD index is at the weak side of the 0 axis, and the RSI index is at the lower side of the 50 equilibrium line to maintain a narrow range of consolidation;
Long short turning point: 28939
Pressing position: 29896, 30888
Support position: 27536, 26647
Trading strategy: 28939 down bearish, target 27536, 26647
Alternative strategy: bullish above 28939, target 29896, 30888
The above analysis is a personal point of view and is for reference only.
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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