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BTC: high order
2022-12-05
1255
Fundamental analysis:
Bitcoin remained volatile around 16974. Nigerian banking giant Access Holdings Plc responded a few days ago that contrary to unconfirmed reports circulating on the Internet, Access Bank has not yet launched any Bitcoin bank or launched cryptocurrency products.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart shows that the high level is finishing and retracing in a narrow range, the market is entangled in the high level in the short term, the MACD indicator is in the long zone, and the RSI indicator is at the 50 balance line and hovering weakly;
Long-short turning point: 17015
Suppression: 17153, 17284
Support: 16838, 16700
Trading strategy: bearish below 17015, target 16838, 16700
Alternative strategy: call above 17015, target 17153, 17284
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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