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BTC: high level wide amplitude oscillation moves up
2022-08-11
1580
Fundamental analysis:
Bitcoin oscillates around 23880,
Data gumbo, a smart contract solution provider, announced the completion of round C financing of US $4 million. This round of financing was jointly led by Saudi Aramco energy ventures, a subsidiary of Saudi Aramco, and equinor technology ventures, a venture capital of equinor, a Norwegian energy giant
Bitcoin btcusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the high-level wide range fluctuation trend continues, and the Bulls continue to move upward. The MACD index hovers around the 0 axis, and the RSI index is in the 50 equilibrium line side weak consolidation;
Long and short turning point: 23753
Pressing position: 24175, 24528
Support position: 23448, 23151
Trading strategy: bullish above 23753, targets 24175 and 24528
Alternative strategy: 23753 lower bearish, target 23448, 23151
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