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BTC: low rise
2022-12-21
1222
Fundamental analysis:
Bitcoin remained volatile near 16,867, and Bitcoin mining company Greenidge Generation (GREE) signed a non-binding term sheet with its lender, encrypted financial services company NYDIG, to restructure about $74 million in debt.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of low-level bulls remains volatile and rising, short-term bullish sentiment emerges, the market bulls continue to climb, the MACD indicator is in the short area and moves upward, and the RSI indicator is hovering weakly below the 50 balance line;
Long-short turning point: 16803
Suppression: 16977, 17128
Support: 15637, 16464
Trading strategy: Bullish above 16803, target 16977, 17128
Alternative strategy: bearish below 16803, target 15637, 16464
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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