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Bitcoin: weak shock downward

2022-06-23
1782
Fundamental analysis:

Bitcoin remained volatile around 19936. According to informed sources, skybridge capital, an investment company of Anthony scaramucci, may submit a spot bitcoin ETF application again as soon as this week. In January this year, skybridge's bitcoin spot ETF application was rejected by the US SEC.


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




Technical analysis:


According to the 4-hour chart, the short power continued to maintain a weak shock downward in the Bollinger belt index channel, and there was no sign of final stop in the short-term downward trend. The Bollinger belt index continued to move downward in the closing trend, the MACD index hovered after the low shock upward in the short area, and the RSI index was reorganized below the 50 equilibrium line;


Multi empty turning point: 20205


Pressing position: 21025, 21888


Support position: 19048, 18406


Trading strategy: bearish below 20205, target 19048, 18406


Alternative strategy: bullish above 20205, target 21025, 21888

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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