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BTC: High level sorting

2022-11-02
601
Fundamental analysis:

Bitcoin remained volatile around 20,466. Gary Gensler, chairman of the Securities and Exchange Commission of the United States, sent a message on social media to congratulate the 14th anniversary of the release of the Bitcoin white paper and the 14th anniversary of the release of Nakamoto Cong's white paper. It has brought innovation and investment in crypto assets. As crypto currency enters its 15th year, let's ensure that investors are properly protected.



Bitcoin BTCUSD - 4-hour K line diagram display:




Technical analysis:


The 4-hour chart shows that the space of high amplitude gradually narrows, the overall market trend starts, short sellers have signs of waiting for an opportunity to enter, MACD is on the top side of axis 0, and RSI indicators are hovering around the 50 equilibrium line;


Multi empty turning point: 20,509


Pressing: 20726, 20932


Support: 20,286, 20,086


Trading strategy: lower bearish in 20509, target 20286, 20086


Alternative strategy: 20509 is bullish, target 20726, 20932

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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