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BTC: high order
2023-01-30
1098
Fundamental analysis:
Bitcoin remained volatile around 23241. Senator Wendy Rogers of Arizona proposed a bill aimed at making BTC the legal tender of the state. If passed into law, BTC would have the same status as the U.S. dollar and become the state’s debt payment, A recognized medium of exchange for public charges, taxes and dues.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: finishing in a narrow range at a high level, the short-term bullish sentiment is still there, the market volatility space is limited, the MACD indicator is weakly finishing on the upper side of the 0 axis, and the RSI indicator is hovering in a narrow range above the 50 balance line;
Long-short turning point: 23056
Suppression: 23547, 23821
Support: 22736, 22427
Trading strategy: Bullish above 23056, target 23547, 23821
Alternative strategy: bearish below 23056, target 22736, 22427
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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