BTC: Low down

Fundamental analysis:

Bitcoin remained volatile around 16000. Eric Balchunas, a senior ETF analyst at Bloomberg, disclosed on social media that the trading volume of two major bitcoin exchange trading funds, "ProShares Bitcoin Strategy ETF (BITO)" and "ProShares Short Bitcoin Strategy ETF (BITI)", suddenly soared today. The total trading volume of the two ETFs was close to $1 billion, but both ETFs showed very obvious discounts or premiums, At present, the transaction price is close to the price of the underlying assets.

Bitcoin BTCUSD - 4-hour K line diagram display:

Technical analysis:

The 4-hour chart shows that the short selling power continues to fluctuate and plummets rapidly, and the short-term low level continues to decline. The MACD indicator is in the short selling area, and the RSI indicator is in the underside of the 15 equilibrium line in the oversold area;

Multi empty turning point: 16173

Pressing: 16533, 16913

Support: 15568, 15142

Trading strategy: 16173 lower bearish, target 15568, 15142

Alternative strategy: 16173 upside bullish, target 16533, 16913