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BTC: high rise
2022-12-09
1268
Fundamental analysis:
Bitcoin remained volatile around 17184. The investment company We Founder Circle (WFC) announced the launch of a $24 million angel fund "Invstt Trust" and a $30 million cross-border angel fund "We Founder Circle Global Angels Fund". Seeking investment in areas such as Web3, cryptocurrency and NFT.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: the high-level bulls have a strong momentum to rise, and short-term bullish sentiment emerges. The previous high is close to the end, and the breakout is imminent. The overall bullish trend of the market is good. The MACD indicator is weak around the 0 axis. Shock in the bull area;
Long and short turning point: 17120
Suppression: 17306, 17420
Support: 17010, 16901
Trading strategy: Bullish above 17120, target 17306, 17420
Alternative strategy: bearish below 17120, target 17010, 16901
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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