Bitcoin: low volatility

Bitcoin remained volatile around 20749. The economic daily commented that the investment risk of bitcoin had been exposed after frequent sharp falls. Compared with the high of USD 69000, it seems that the decline has been deep, but we still need to be vigilant against the risk of clearing.

According to the 4-hour chart: after the low-level continued the narrow weak consolidation of the middle and lower rail sections of the Bollinger belt index channel, it began to rise briefly to the shock of the middle and upper rail sections, but it was still in the weak market. The Bollinger belt index continued to close, the MACD index was in the short area, maintained the weak consolidation and moved up slowly, and the RSI index was in the shock below the 50 equilibrium line;

Long short turning point: 21053

Pressing position: 21888, 22876

Support position: 19740, 19048

Trading strategy: 21053 down bearish, target 19740, 19048

Alternative strategy: bullish above 21053, target 21888, 22876