简体中文
ภาษาไทย
繁體中文
Indonesia
BTC: Climb to High
2023-01-16
1142
Fundamental analysis:
Bitcoin remained volatile around 19349, and the correlation between Bitcoin and the U.S. stock index became stronger. Among the three major U.S. stocks, Bitcoin currently has the highest correlation with the S&P 500 Index, reaching 0.86, which is a nearly four-month high. In addition, the correlation coefficient with the Dow rose to 0.84, and the correlation coefficient with the Nasdaq 100 index was 0.79.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum fluctuated at a high level, short-term bullish sentiment shrouded, the market bullish momentum continued to emerge, the MACD indicator moved up from the high level in the bullish zone, and the RSI indicator hovered above the 80 balance line in the overbought zone in the bullish zone;
Long-short turning point: 19264
Repression: 19517, 19640
Support: 19086, 18914
Trading strategy: Bullish above 19264, target 19517, 19640
Alternative strategy: bearish below 19264, target 19086, 18914
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
