BTC: Bears tumble

Bitcoin maintains a shock around 23164. According to the analysis data of Glassnode, a blockchain analysis company, the total supply of Bitcoin with a currency age greater than 6 months has reached 14.993 million, which is close to the historical high (ATH is 15.029 million), while 6 The total supply of bitcoins under one month has not increased significantly since 2023, hovering around 4.298 million BTCs, which means that bitcoins with a currency age of more than 6 months are generally dormant.

Bitcoin BTCUSD - 4-hour K-line chart shows:

Looking at the 4-hour chart: the short-term decline continues, the short-term decline continues, the market's short-term sentiment continues to move downward, the MACD indicator moves down below the 0 axis, and the RSI indicator is below the 50 balance line for consolidation;

Long-short turning point: 23246

Suppression: 23476, 23735

Support: 22964, 22750

Trading strategy: bearish below 23246, target 22964, 22750

Alternative strategy: call above 23246, target 23476, 23735