BTC: high move up

Bitcoin remained volatile around 17524. Digital currency mining machine manufacturer Bitmain’s mining machine brand ANTMINER launched a new generation of mining machine S19j Pro+, with a computing power of up to 122T, power consumption of 3355W, and an energy efficiency ratio of 27.5J/T. Compared with S19j Pro, the overall performance is improved 10%. In addition to excellent performance, S19j Pro+ is praised by the industry for its new power supply with an input voltage range of 220~277V, which can be adapted to most mines around the world.

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

Looking at the 4-hour chart: the bullish momentum continues to move upwards at high levels, short-term bullish sentiment is shrouded, market bulls continue to emerge, the MACD indicator is at a high level in the bullish zone, and the RSI indicator is hovering at a high level in the bullish zone;

Long-short turning point: 17489

Repression: 17591, 17659

Support: 17407, 17324

Trading strategy: Bullish above 17489, target 17591, 17659

Alternative strategy: bearish below 17489, target 17407, 17324