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BTC: Bulls climb higher

Fundamental analysis:

Bitcoin remains volatile around 26074. Justin Sun, founder of TRON and member of the Huobi Global Advisory Board, attended the MetaEraSummit2023 held in Singapore and expressed his views on hot topics in industry development.

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

Brief technical analysis:

Looking at the 4-hour chart: The bullish momentum is strong, and the market is bullish. The MACD indicator is hovering near the 0 axis, and the RSI indicator is weakly consolidating above the 50 equilibrium line;

Resistance level: 26282 26493

Support level: 25740 25504

Trading strategy: Bullish above 25971, target 26282 26493
Alternative strategy: bearish below 25971, target 25740 25504

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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