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Working in unregulated cryptocurrencies is a challenge
2022-06-14
1148
Fundamental analysis:
Bitcoin remained volatile around 22950. Martin, President of the New York Stock Exchange, said that it was a challenge to do more in the cryptocurrency field without supervision.
Bitcoin btcusd - 4-hour K-line diagram display:
Technical comments: the short power continued the rapid decline near the downtrack of the Bollinger belt index. After the low level reached the node near 22559, the short-term short power continued to decline. The Bollinger belt index continued to open its mouth, the MACD index fell rapidly in the short area, and the RSI index hovered near the balance line of 15 oversold area at the bottom;
Long short turning point: 23881
Pressing position: 24933, 26153
Support position: 21723, 20704
Trading strategy: 23881 bearish below, target 21723, 20704
Alternative strategy: 23881 upside bullish, target 24933, 26153
The above analysis is a personal point of view and is for reference only.
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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