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BTC: low order

2023-05-21
804
Fundamental analysis:

Bitcoin maintains a shock around 26887. Bitcoin Magazine said on social media that U.S. Senator Cynthia Lummis said that the advantage of Bitcoin is that it allows individuals to have their own sovereignty and implement, use and protect their own values as Americans.

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



Brief technical analysis:

Looking at the 4-hour chart: the short-term lows maintain a narrow range of weak volatility, the market as a whole is still in a weak position, and has not yet emerged from the downturn in the short term. The MACD indicator is hovering weakly below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;

Resistance level: 27086 27326

Support level: 26553 26340

Trading strategy: Bullish above 26806, target 27086 27326
Alternative strategy: bearish below 26806, target 26553 26340

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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