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BTC: down the ladder
2023-06-02
778
Fundamental analysis:
Bitcoin remains oscillating around 26859. WeChat search has supported the display of Bitcoin price inquiry service, which is provided by a small program called "Global Exchange Rate Conversion". Cryptocurrencies other than Bitcoin (BTC) are not currently supported.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum maintains a downward trend, and the short-term decline may continue. The market as a whole is moving downward in short-term shocks. The MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.
Resistance: 27146 27331
Support level: 26699 26553
Trading strategy: bearish below 26952, target 26699 26553
Alternative strategy: call above 26952, target 27146 27331
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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