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BTC: Low level wide amplitude oscillation
2022-09-23
1398
Fundamental analysis:
Bitcoin kept the shock near 19232, and the first NFT office building in New York City has been sold. NFT, which covers an area of 4700 square meters and is located at 44 West 37th Street, New York City, is an irreversible digital asset. It aims to monetize the ownership of building digital assets and verify its ownership, and is acquired by Azul NYC, a real estate developer.
Bitcoin BTCUSD - 4-hour K line diagram display:
Technical analysis:
The 4-hour chart shows that the low level short-term wide amplitude shocks, the bull power has signs of waiting for an opportunity to enter the market, the short-term bull starts to enter slowly, the MACD indicator is weak in the short region, and the RSI indicator is narrow near the 50 equilibrium line;
Empty turning point: 19049
Pressing position: 19566, 19972
Support position: 18746, 18464
Trading strategy: bullish above 19049, target 19566, 19972
Alternative strategy: 19049 lower bearish, target 18746, 18464
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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