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BTC: low volatility
2023-05-26
788
Fundamental analysis:
Bitcoin remained volatile around 26,485. According to CoinDesk citing sources, Hong Kong asset management company Metalpha has raised $5 million from Bitmain for its Grayscale-based fund.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: After the short momentum maintained the shock and moved down, the lows were arranged in a narrow range. The lower side of the 50 balance line is weak;
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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