Venture capital company launches USD 20million encryption fund

Fundamental analysis:

Bitcoin remained volatile around 30223. The venture capital company canonical crypto launched its first encryption fund with a scale of 20million US dollars,

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

Technical comments: the bull power continued to fluctuate and rise near the upper rail of the Bollinger belt index. In the short term, you moved back to the node near 29244 and began to sort out. The Bull Power maintained the weak position in the middle and lower rail section, and the Bollinger belt index continued to close. The MACD index was in the weak position near the 0 axis line, and the RSI index was under the 50 equilibrium line, and maintained the shock and slowly moved up;

Multi empty turning point: 29992

Pressing position: 31189, 32116

Support position: 28766, 27778

Trading strategy: 29992 bullish above, target

Alternative strategy: 29992 bearish below, target 28766, 27778

The above analysis is a personal point of view and is for reference only.