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BTC: low vacancy downlink

Fundamental analysis:

Bitcoin has remained volatile around 18958. According to the payment portal in Colorado, Colorado residents can now pay state taxes with cryptocurrency through PayPal. Payment is made through PayPal Cryptocurrencies Hub, and additional expenses are incurred.

Bitcoin BTCUSD - 4-hour K line diagram display:

Technical analysis:

The 4-hour chart shows that the power of low short positions fluctuates again slowly, and the market short positions are shrouded in sentiment, and there is no sign of final stop. The MACD indicator is in the short positions area to maintain consolidation, and the RSI indicator is in the weak position below 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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