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Bitcoin: high shock

2022-07-19
1556
Fundamental analysis:

Bitcoin remained volatile around 21480. Gary Gensler, chairman of the US SEC, said in a recent interview that the SEC is cooperating with cryptocurrency exchanges, lending platforms, brokers and other industry participants to strengthen investor protection in this field.




Bitcoin btcusd - 4-hour K-line diagram display:




Technical analysis:


According to the 4-hour chart, the Bull Power maintained a good momentum of shock and rise, the high short-term rapid giant earthquake retreated, the short power showed signs of waiting for the opportunity to enter, the MACD index was in the high consolidation and translation of the bull region, and the RSI index was in the consolidation and downward movement of the bull region;


Long short turning point: 21689


Pressing position: 22047, 22381


Support position: 21130, 20804


Trading strategy: bearish below 21689, target 21130, 20804


Alternative strategy: bullish above 21689, targets 22047, 22381

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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