Bitcoin remained volatile around 16127. As of the end of October, Core Scientific, a Bitcoin listed miner, held $32.2 million in cash and 62 Bitcoins ($975000). It is expected that the existing cash resources will be exhausted by the end of 2022 or earlier.
Bitcoin BTCUSD - 4-hour K line diagram display:
The 4-hour chart shows that the short position fluctuates for a short time, and the bulls have signs of waiting for an opportunity to enter the market, but the downward trend is good, and the trend continues to move downward in the short term. The MACD indicator hovers under the axis 0, and the RSI indicator is weak near the 50 equilibrium line;
Empty turning point: 16333
Pressing: 16725, 17164
Support: 15733, 15402
Trading strategy: 16333 lower bearish, target 15733, 15402
Alternative strategy: 16333 upside bullish, target 16725, 17164