BTC: low position moves down
Bitcoin maintains a shock around 26294. Btc.com data shows that the current Bitcoin network computing power has reached 357.98EH/s and returned to a historical high. The 24-hour transaction rate is 6.63 transactions/s. The current difficulty of the entire network is 48.01T. The secondary difficulty has been lowered by 2.02% to 48.98T, and there are 4 days left before the adjustment.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: After the low level continued to fluctuate and move down, it began to sort out within a narrow range. The market is shrouded in bearish sentiment, and it will continue to move downward in the short term.
Resistance level: 26694 26949
Support level: 26083 25857
Trading strategy: bearish below 26454, target 26083 25857
Alternative strategy: call above 26454, target 26694 26949
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