CM Trade

Download APP to receive bonus

GET

BTC: high retracement

2022-12-02
1302
Fundamental analysis:
Bitcoin maintains a shock around 16906. The encrypted payment platform MoonPay will launch the Web3 Passport soul-bound NFT loyalty program early next year. The token called Web3 Passport will grant its owner the right to participate in exclusive activities. , sports, music and entertainment ticketing related. Through the program, the company will also expand MoonPay Concierge support to individuals who need help purchasing NFTs.


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



Brief technical analysis:
Looking at the 4-hour chart: The high-level short-term dynamics fluctuated and retreated, and the market’s short-term sentiment emerged. The short-term high-level decline may continue. The MACD indicator is in a narrow range in the bullish area, and the RSI indicator is hovering weakly above the 50 balance line;
Long and short turning point: 16949
Suppression: 17103, 17252
Support: 16754, 16569
Trading strategy: bearish below 16949, target 16754, 16569
Alternative strategy: call above 16949, target 17103, 17252

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More