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BTC: high order

Fundamental analysis:

Bitcoin remains oscillating around 24735. According to data, the current circulation of BTC is 19,319,031.25, and the remaining unmined amount is 1,680,968.75, which is less than 1.7 million.

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

Brief technical analysis:

Looking at the 4-hour chart: the high level is arranged in a narrow range, the market's bullish momentum remains high and hovering, the MACD indicator is hovering in the bullish area, and the RSI indicator is in a weak position on the side of the 50 balance line;

Resistance level: 25125 25583

Support level: 24196 23830

Trading strategy: Bullish above 24588, target 25125 25583
Alternative strategy: bearish below 24588, target 24196 23830

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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