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BTC: high rise
2023-03-14
918
Fundamental analysis:
Bitcoin remained volatile around 24200. Former Babel Finance founder Flex Yang launched the distributed stable currency HOPE. The initial reserve assets of HOPE will include Bitcoin and Ethereum. The HOPE ecosystem includes HopeSwap, HopeLend, HopeConnect and HopeEcho Four An agreement that provides trading, lending, derivatives, and synthetic asset functions.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bulls are driven by high volatility, short-term bullish sentiment is shrouded, the market bulls are moving upwards, the MACD indicator is in the bullish zone and the RSI indicator is hovering in the bullish zone;
Resistance level: 24588 24986
Support level: 23612 23193
Trading strategy: Bullish above 23966, target 24588 24986
Alternative strategy: bearish below 23966, target 23612 23193
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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