BTC: high move up

Bitcoin remained oscillating around 21489, and the State Financial Monitoring Service (SFMS), Ukraine's financial intelligence service, released a special report on the results of its operations in 2022. In documents released this week, in addition to peacetime activities such as anti-money laundering, the watchdog announced that its staff had joined forces with colleagues from the Ministry of Digital Transformation and Ukraine's leading encryption experts to identify and control Russian crypto exchanges linked to the layoffs of Russian financial institutions, including Russia's largest bank Sber.

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

Looking at the 4-hour chart: the bullish momentum is fluctuating upwards at a high level, the short-term bullish sentiment is shrouded, the bulls in the market are constantly rising, the MACD indicator is hovering in the bullish zone, and the RSI indicator is in the bullish zone and is slowly rising;

Long and short turning point: 21383

Suppression: 21727, 21966

Support: 21127, 20897

Trading strategy: Bullish above 21383, target 21727, 21966

Alternative strategy: bearish below 21383, target 21127, 20897