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BTC: bulls up
2022-12-01
1319
Fundamental analysis:
Bitcoin remained volatile around 17022. The US Securities and Exchange Commission (SEC): The Commission has authorized Bitcoin futures-based ETFs to be listed on the exchange, and there may be more applications in the future.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum maintains a narrow range of fluctuations and rises, the short-term bullish sentiment is shrouded, the market as a whole is in the process of rising bulls, the MACD indicator is hovering on the upper side of the 0 axis, and the RSI indicator is at a high level in the bullish area;
Long and short turning point: 16949
Suppression: 17216, 17391
Support: 16754, 16569
Trading strategy: Bullish above 16949, target 17216, 17391
Alternative strategy: bearish below 16949, target 16754, 16569
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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