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Bitcoin: low shock up
2022-07-11
1580
Fundamental analysis:
Bitcoin remained volatile around 21719. In the past six months, bitcoin has been highly correlated with S & P 500 index futures, and this high correlation continues to exist. After bitcoin failed as an inflation hedging tool, there was a narrative problem.
Bitcoin btcusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the low-level bull power continued to move upward, the trend line fluctuated upward, the MACD index hovered in the bull area above the 0 axis, and the RSI index remained at 50 equilibrium on the online side to maintain volatility;
Long short turning point: 21267
Pressing position: 22626, 23458
Support position: 20158, 19270
Trading strategy: bullish above 21267, targets 22626, 23458
Alternative strategy: bearish below 21267, targets 20158, 19270
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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