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Bitcoin: high broad shock retreat
2022-07-25
1575
Fundamental analysis:
Bitcoin remained volatile around 23022, and Argentina is restricting bitcoin traders from buying dollars at the official exchange rate to curb capital flight.
Bitcoin btcusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the high level began to shake back when it was blocked for a short time, the short power showed signs of waiting for the opportunity to enter, the MACD index was in the long area to maintain the consolidation and translation, and the RSI index was in the 50 equilibrium online side;
Long short turning point: 23280
Pressing bits: 23664, 24027
Support position: 22604, 22170
Trading strategy: 23280 down, targets 22604, 22170
Alternative strategies: bullish above 23280, targets 23664, 24027
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