CM Trade

Download APP to receive bonus

GET

BTC: hovering at a high level

2022-12-07
1373
Fundamental analysis:
Bitcoin remained oscillating around 16969. The Bitcoin fast payment application Strike announced the launch of the global remittance function "Send Globally", and realized instant payments to Africa through cooperation with the African payment platform Bitnob.


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



Brief technical analysis:
Looking at the 4-hour chart: the high short-term narrow-range order shifts, and the market's short-term sentiment is waiting for an opportunity to enter the market, but it is still in a short-term hovering, the MACD index is hovering above the 0 axis, and the RSI index is in a weak order near the 50 balance line;
Long-short turning point: 17015
Suppression: 17153, 17284
Support: 16838, 16700
Trading strategy: bearish below 17015, target 16838, 16700
Alternative strategy: call above 17015, target 17153, 17284

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