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BTC: low level up

2023-08-24
724
Fundamental analysis:

Bitcoin remained volatile around 26591. The US Federal Bureau of Investigation (FBI) issued a statement stating that in the past 24 hours, it has tracked about 1,580 bitcoins stolen by North Korea, worth more than 40 million US dollars, and stored in 6 addresses. , the stolen funds came from multiple hacks this year, including $60 million from Alphapo and $37 million from CoinsPaid.

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



Brief technical analysis:

Looking at the 4-hour chart: low short-term shocks and upward movement, bullish sentiment emerges in the market, market bulls continue to move upward, MACD index is in the short area and moves upward, and RSI index is hovering near the 50 balance line;

Resistance level: 26918 27185

Support level: 26148 25898

Trading strategy: Bullish above 26441, target 26918 27185
Alternative strategy: bearish below 26441, target 26148 25898

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.

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