CM Trade

Download APP to receive bonus

GET

BTC: highs move down

2022-12-15
1190
Fundamental analysis:
Bitcoin remained volatile around 17800, and the Hyperledger Foundation, a global enterprise-level blockchain open ecosystem hosted by the Linux Foundation, announced the addition of five new member institutions, including Energy Web, Instnt and Integra Ledger, which are ordinary members; and Europe Blockchain Association (European Blockchain Association) and Howest, these two organizations are associate members.


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



Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum maintains a high level of volatility, the short-term bears are waiting for an opportunity to enter the market, the MACD indicator is in a high position in the bullish zone, and the RSI indicator is in the bullish zone to maintain consolidation;
Long-short turning point: 17712
Repression: 17976, 18128
Support: 17542, 17399
Trading strategy: Bullish above 17712, target 17976, 18128
Alternative strategy: bearish below 17712, target 17542, 17399

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