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BTC: Low position narrow amplitude oscillation
2022-09-22
1335
Fundamental analysis:
Bitcoin kept the shock around 18911, and Bitcoin announced that it had signed a purchase order with the German mining group CTCAP. CTCAP, a company that invests, builds and operates renewable energy projects in Europe, will double its computing power through its new water-cooled mine in Iceland.
Bitcoin BTCUSD - 4-hour K line diagram display:
Technical analysis:
The 4-hour chart shows that the weak market has been sorted out continuously, and the market has not gone out of the low weak market in the short term. The market has not given direction guidance. The MACD index hovers under the 0 axis, and the RSI index is sorted out in a narrow range under the 50 equilibrium line;
Empty turning point: 19049
Pressing position: 19403, 19723
Support position: 18661, 18325
Trading strategy: 19049 lower bearish, target 18661, 18325
Alternative strategy: 19049 upper bullish, target 19403, 19723
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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