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BTC: high short down

2022-08-02
1553
Fundamental analysis:

Bitcoin remained volatile around 23104. According to Bloomberg, according to interviews with network security experts and data provided to Bloomberg, suspected North Korean hackers are plagiarizing resumes on the network and pretending to be from other countries.



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




Technical analysis:


According to the 4-hour chart, the high short momentum maintained a shock downward, the short-term market began to be weak, the MACD index was in the high position of the long region and moved down, and the RSI index was in the weak position near the 50 equilibrium line;


Long short turning point: 23244


Pressing position: 23616, 24009


Support position: 22696, 22323


Trading strategy: 23244 bearish below, targets 22696, 22323


Alternative strategies: bullish above 23244, targets 23616, 24009

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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