Bitcoin remains volatile around 25707. The Bitcoin non-profit organization Btrust acquired Qala, an organization dedicated to training African Bitcoin and Lightning Network engineers. The transaction was completed on September 1, and Qala was renamed BtrustBuildersProgramme.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum remains low and weak, and there are signs of continued downward movement in the short term. The market is shrouded in bearish sentiment, the MACD indicator is in the short zone and maintains consolidation, and the RSI indicator is weak and hovering below the 50 equilibrium line;
Resistance level: 26104 26356
Support level: 25437 25222
Trading strategy: bearish below 25852, target 25437 25222
Alternative strategy: call above 25852, target 26104 26356