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BTC: low position moves down
2023-05-25
800
Fundamental analysis:
Bitcoin maintains a shock around 26398. The OKLink BRC-20 browser newly supports BRC20 transaction list query, as well as form data such as BRC-20 token list and Inscriptions list, providing a one-stop BRC-20 token on-chain data service, which is convenient Users browse and track BRC20 transactions to obtain the latest transaction data.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term dynamics remain low and fluctuate downward, the short-term decline has not stopped, the market is shrouded in bearish sentiment, the MACD indicator is in the bearish area, and the RSI indicator is in the bearish area below the 50 balance line.
Resistance level: 26770 26989
Support level: 26182 25977
Trading strategy: bearish below 26531, target 26182 25977
Alternative strategy: call above 26531, target 26770 26989
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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