BTC: hovering at a high level

Bitcoin remained oscillating around 23040, and blockchain data showed that Binance transferred nearly $346 million in Bitcoin for the encryption exchange Bitzlato. In response to Binance being listed by US FinCEN as one of Bitzlato’s primary recipients of funds, a Binance spokesperson wrote in a statement that Binance “provided substantial assistance to our international law enforcement partners in support of this investigation.” , which demonstrates Binance’s commitment to working with law enforcement partners around the world.”

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

Looking at the 4-hour chart: the high level remains weak in the short term, the overall market sentiment remains bullish, but the follow-up momentum is lacking, the MACD indicator is at a high level in the bullish zone, and the RSI indicator is hovering at a high level in the bullish zone;

Long and short turning point: 22875

Suppression: 23397, 23702

Support: 22558, 22263

Trading strategy: Bullish above 22875, target 23397, 23702

Alternative strategy: bearish below 22875, target 22558, 22263